Skyn by Chi
CBD-infused skincare
Overview
Raised: $17,600
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/12/2021
Close Date
08/09/2021
Min. Goal
$15,000
Max. Goal
$40,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$198
# of Investors
33
Momentum
Funded
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Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Skyn by Chi, a CBD-infused skincare company, is raising funds on Honeycomb. The company makes skincare products that help to renew natural beauty. The products of Skyn by Chi are vegan, cruelty-free, and made in the US. Chiquita Zachery founded Skyn by Chi in May 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $40,000, and the funds will be used for inventory and marketing. Skyn by Chi’s bestselling products includes its toner and Vitamin C serum. The company plans to open a storefront or spa within the next three years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$16,075 |
$0 |
|
COGS |
$10,119 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,293 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,925 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/12/2021
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