American Vanity

American Vanity

Closed: Dec. 2021

About this raise: American Vanity, with a pre-money valuation of $10 million, is raising funds on TruCrowd. The company makes revolutionary CBD skincare formulations. The formulations are made using organic CBD and delivered deep into the skin through its proprietary BioAdvance CBD delivery system. Veronica Barton-Schwartz and Mary Nguyen founded American Vanity in 2019. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the funds will be used towards marketing, sales, growth payroll, additional inventory, and general operating expenses. American Vanity’s products include a replenishing moisturizer, face mask, anti-aging serum, brightening serum, glow serum, facial toner, and gel cleanser.

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Investment Overview

Invested this round: $48,433

Deal Terms

Total Commitments ($USD)

Platform
Fundanna
Start Date
03/30/2021
Close Date
12/17/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$200

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Encino, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Mary Nguyen
Title
Co-Ceo
Founder Name
Greg Zilderland
Title
COO

Financials

 Revenue
$0
 Monthly Burn
$21,831
 Runway
3.9 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-261,973

$-2,774

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$86,031

$100

Accounts Receivable

$0

$0

Total Assets

$289,218

$100

Short-Term Debt

$28,864

$2,774

Long-Term Debt

$0

$0

Total Liabilities

$28,864

$2,774

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/17/2021 Fundanna $10,000,000 $48,433 Convertible Note Funded RegCF
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Add to portfolio
American Vanity on TruCrowd
Platform: Fundanna
Security Type: Convertible Note
Valuation: $10,000,000

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

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