Aces
Early Stage
Aces reimagines clean, starting with towels — killing 99.9% of bacteria.
Overview
Raised: $11,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/17/2021
Close Date
04/30/2021
Min. Goal
$249,000
Max. Goal
$250,000
Min. Investment
$500
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/01/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$108
# of Investors
2
Momentum
Not Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Aces, with a $5 million valuation cap, is raising crowdfunding on Wefunder. The company makes soft, plush, and anti-microbial towels for kitchen, bath, beach, and fitness. It uses silver fiber technology to keep the towels healthy and bacteria-free for a long time. Jesse Pliner founded Aces in 2017 and has raised over $215,000 since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $249,000 and a maximum raise of $250,000, will be used for website development, brand assets, marketing, and inventory. Aces is an exciting and disruptive brand. It aims to solve an acute health issue and plans to expand into more categories in the future.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-10,868 |
$-45,487 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$551 |
$-351 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$551 |
$-351 |
|
Short-Term Debt |
$11,770 |
$17,941 |
|
Long-Term Debt |
$37,500 |
$37,500 |
|
Total Liabilities |
$49,270 |
$55,441 |
Financials as of: 01/17/2021
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