Ernest Supplies

Ernest Supplies

Early Stage

Omnichannel skincare brand redefining clean, sustainable, and inclusive products.

Omnichannel skincare brand redefining clean, sustainable, and inclusive products.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

06/06/2021

Close Date

07/24/2021

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

$1,000

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

07/23/2021

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2009

Industry

Beauty & Personal Care

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

Life Style

Ernest Supplies, with a $5 million valuation cap, is raising funds on SeedInvest. It is an omnichannel skincare brand that makes clean, sustainable, and accessible skin health products. The leading product of Ernest Supplies is its Protective Matte Moisturizer made for all skin tones, skin types, and genders. John Cafarelli and Luigi Bianco founded Ernest Supplies in 2009. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for digital marketing, hiring salaries, new products, and debt paydown. Ernest Supplies products are sold at Selfridges, Anthropologie, and Cult Beauty and achieved a repeat customer rate of 53% in the second half of 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$93,526

$152,461

COGS

$13,788

$21,708

Tax

$0

$0

 

 

Net Income

$-28,677

$-29,278

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,434

$12,264

Accounts Receivable

$5,056

$13,055

Total Assets

$42,176

$54,434

Short-Term Debt

$101,567

$156,949

Long-Term Debt

$63,386

$0

Total Liabilities

$164,953

$156,949

Financials as of: 06/06/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ernest Supplies 07/23/2021 SeedInvest $5,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
Ernest Supplies 06/05/2021 SeedInvest $5,000,000 $0 Convertible Note Funded Test the Waters / 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

Funding data not publicly available

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Ernest Supplies on SeedInvest 2021
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $5,000,000

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Warning: according to the close date for this deal, Ernest Supplies may no longer be accepting investments.

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