Move
The First Community-Owned Digital Retailer
Analytics
Raised to Date: $412,000
Aggregate Commitments $
Wefunder
11/17/2020
01/15/2021
$50,000
$535,000
$250
SAFE
RegCF
Series A
$25,000,000
10%
Weekly Commitments $
Active
12/02/2020
42
824%
77%
$27,467
431
San Francisco, CA
Retail Shops & Department Stores
Non-Tech
B2C
Medium
High
Move, a community-owned digital retailer, is raising funds on Wefunder. The company has designed the retailer from the ground up, rethinking and modifying every part, from production to delivery. Move sells 150 modern staples and adds one new product every Sunday. Chai Mishra founded Move in 2016 and has raised over $2.7 million since its inception. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $535,000. The raise’s proceeds will be used for new hires, purchasing inventory, new categories, and operating costs. Move sources award-winning products that are made ethically and priced fairly. It is a members-only store that has already sold 10,000 years of membership.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$383,188 |
$36,899 |
|
COGS |
$30,938 |
$126,131 |
|
Tax |
$9,964 |
$2,040 |
| ||
| ||
|
Net Income |
$-435,352 |
$-650,484 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$374,576 |
$256,409 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$465,022 |
$330,470 |
|
Short-Term Debt |
$27,228 |
$19,838 |
|
Long-Term Debt |
$2,188,007 |
$0 |
|
Total Liabilities |
$2,215,235 |
$1,645,333 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/15/2021 | Wefunder | $25,000,000 | $412,000 | SAFE | Active | RegCF |
| 07/31/2019 | Wefunder | $25,000,000 | $521,432 | SAFE | Confirmed Closed | RegCF |
| 04/30/2019 | Wefunder | $25,000,000 | $0 | SAFE | Not Funded / Not Sure | RegCF |
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