Overt Skincare
Early Stage
A direct to consumer skincare company. Proven market and press validation.
Overview
Raised: $21,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/17/2021
Close Date
04/15/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,001,500
Valuation Cap
$4,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$241
# of Investors
18
Momentum
Not Funded
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Year Founded
2019
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Overt Skincare, with a valuation cap of $4.5 million, is raising funds on Wefunder. It is a direct-to-consumer skincare company that combines innovation and technology to create effective skincare. The products contain essentials that actually work at a fair and accessible price. Rory Semple and Giselle Chirinos founded Overt Skincare in 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $250,000, and the proceeds will be used towards the acceleration of B2B sales, expansion, R&D and line extension, and marketing. Overt Skincare uses its proprietary formulations and is looking to extend its product line. The company reported month-on-month revenue growth of 167%.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,184 |
$0 |
|
COGS |
$770 |
$0 |
|
Tax |
$760 |
$0 |
| ||
| ||
|
Net Income |
$-42,733 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$83,083 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$83,083 |
$0 |
|
Short-Term Debt |
$5,816 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,816 |
$0 |
Financials as of: 01/17/2021
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