Loveseat.com on Wefunder

Online Vintage Furniture Auction

Raise to date: $49,568

Reporting Date: 09/18/2019

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

05/28/2019

Stop Date

09/27/2019

Days Remaining

7

Security Type

SAFE

Investment Minimum

$100

Deal Type

Top Deal


Investment Summary

Status

Active

# of Investors

77

% of Minimum Raised

99%

% of Maximum Raised

5%

Dollars Per Day to Reach Max

$145,776

DPD* Committed

$439

DPD* Category

$0

DPD* All Companies

$1,279

Kingscrowd Momentum

$49,568

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Loveseat, an online marketplace for vintage furniture auction, is raising funds on WeFunder. The company has a valuation cap of $8 million and helps sellers to liquidate their used furniture quickly and efficiently. The Loveseat team takes professional pictures of the furniture, measures them, lists them online, and manages the bidding process. Loveseat collects fees from both the buyers and the sellers. Loveseat was founded by Chris Stanchak and Jenny Stanchak in 2015 and has already raised more than $2 million since its founding. The current crowdfunding round has a target of $50,000, and the proceeds will be used to scale up operations in San Diego and Los Angeles and to open up a new market in Orange County. Loveseat sells more than 500 pieces of furniture every day, with 61% of the bidders repeating monthly.

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