PuffCuff

PuffCuff

Growth Stage

A hair clamp for curly, or textured hair that will not cause pain or hair damage

A hair clamp for curly, or textured hair that will not cause pain or hair damage

Overview

Raised to Date: Raised: $171,774

Total Commitments ($USD)

Platform

Republic

Start Date

07/30/2020

Close Date

12/31/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/02/2021

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

$1,123

# of Investors

806

Momentum
Funded
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Year Founded

2013

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Marietta, Georgia

Business Type

Life Style

PuffCuff, with a $5 million valuation cap, is raising crowdfunding on Republic. The company makes a styling tool for thick, curly, or textured hair. The hair clamp of PuffCuff does not cause pain or damage to the curly and textured hair. It is easy to use, durable, and headache-free. PuffCuff was founded in Ceata E. Lash in August 2013. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to add staff, expand brand presence and sales worldwide, and expand the product line. PuffCuff is triple patented and has over 100,000 customers to date. The company has reported a 75% compounded growth rate since 2014.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,997,203

$829,896

COGS

$555,069

$235,622

Tax

$0

$0

 

 

Net Income

$186,478

$126,621

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$26,349

$35,134

Accounts Receivable

$186,376

$19,246

Total Assets

$352,153

$130,262

Short-Term Debt

$321,665

$102,788

Long-Term Debt

$55,250

$0

Total Liabilities

$376,915

$102,788

Financials as of: 07/30/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PuffCuff 04/28/2024 Wefunder $7,000,000 $85,585 SAFE Active RegCF
PuffCuff 12/30/2020 Republic $5,000,000 $171,774 SAFE Funded 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

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PuffCuff on Republic
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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