Ernest Supplies

Ernest Supplies

Testing the Waters

Omnichannel skincare brand redefining clean, sustainable, and inclusive products.

Omnichannel skincare brand redefining clean, sustainable, and inclusive products.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

05/02/2021

Close Date

Testing the Waters

Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$1,000

Security Type

Convertible Note

SEC Filing Type

Test the Waters / RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$0

Momentum
Funded
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Year Founded

2009

Industry

Beauty & Personal Care

Tech Sector

Cleantech

Location

New York, New York

Ernest Supplies, with a $5 million valuation cap, is testing the waters on SeedInvest. It is an omnichannel skincare brand that makes clean, sustainable, and accessible skin health products. The leading product of Ernest Supplies is its Protective Matte Moisturizer made for all skin tones, skin types, and genders. John Cafarelli and Luigi Bianco founded Ernest Supplies in 2009. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for digital marketing, hiring salaries, new products, and debt paydown. Ernest Supplies products are sold at Selfridges, Anthropologie, and Cult Beauty and achieved a repeat customer rate of 53% in the second half of 2020.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ernest Supplies 07/23/2021 SeedInvest $5,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
Ernest Supplies 06/05/2021 SeedInvest $5,000,000 $0 Convertible Note Funded Test the Waters / RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Ernest Supplies on SeedInvest
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $5,000,000

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Warning: according to the close date for this deal, Ernest Supplies may no longer be accepting investments.

Ernest Supplies Deal Report

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