SoapSox on StartEngine

Next generation of washcloths for kids.

Raise to date: $171,849

Reporting Date: 01/22/2020

Key Stats

Minimum Raise

$9,998

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

09/20/2019

Stop Date

02/22/2020

Days Remaining

28

Security Type

Equity

Investment Minimum

$240

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

316

% of Minimum Raised

1,719%

% of Maximum Raised

16%

Dollars Per Day to Reach Max

$32,077

DPD* Committed

$1,386

DPD* Category

$0

DPD* All Companies

$1,113

Kingscrowd Momentum

$171,849

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

SoapSox, with a pre-money valuation of $6.2 million, is raising funds on StartEngine. SoapSox is the next-generation washcloths for kids, in adorable shapes and characters. The washcloths make bathing fun for kids and easy for parents. SoapSox allows kids to feed bar or liquid soap inside a cavity and has finger-pockets for better scrubbing. SoapSox was founded by Ray Phillips in 2013 and grew extensively after its SharkTank success in 2016. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $107,000. SoapSox has a wonderful success story with $3.3 million in lifetime sales, over 686,000 customers from across the world, and partnerships and agreements with Disney and Honest Co.

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