CLICS

Digital hair color mixing system — helping salons reduce cost and waste

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Wefunder

Start Date

11/09/2020

Close Date

02/11/2021

Min. Goal

$100,004

Max. Goal

$1,069,998

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$20,000,000

Rolling Commitments $
Status
Funded
Reporting Date

02/28/2021

Days Remaining
Funded
% of Min. Goal

1,070%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$11,383

# of Investors

195

Momentum
Funded
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Location

La Jolla, California

Industry

Beauty & Personal Care

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

CLICS, with a pre-money valuation of $20 million, is raising funds on Wefunder. The company has developed an app-powered digital system for mixing hair colors in salons. The CLICS system is used by stylists and salon owners to source hair color, automate color formulation, eliminate wastage, and record and report service details for quality control management. Charles Brown founded CLICS in 2016 and has raised over $5.6 million since its inception. The current round of crowdfunding has a minimum target of $100,004 and a maximum target of $1,069,998. The raise’s proceeds will be used for general operations, sales and marketing, new product development, capital equipment, and intellectual property. CLICS has been a highly scalable business and reported revenue growth of 2,574% from Q2 to Q3 2020.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$18

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,615,891

$-1,161,551

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$83,148

$106,537

Accounts Receivable

$0

$0

Total Assets

$1,197,307

$216,821

Short-Term Debt

$2,652,470

$66,093

Long-Term Debt

$10,000

$0

Total Liabilities

$2,662,470

$66,093

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