AptDeco

AptDeco

Growth Stage

The leading furniture resale marketplace for buying and selling online

The leading furniture resale marketplace for buying and selling online

Overview

Raised this Round: Raised: $407,618

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/07/2023

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Convertible Note

Series

Series A

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$40,000,000

Discount

20%

Year Founded

2013

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

AptDeco, with a valuation of $40 million, is raising funds on Wefunder. The company has developed a furniture resale marketplace to buy and sell furniture online. The platform solves the issues related to logistics, security, and transparency and offers pickup, delivery, assembly, payment, and scheduling. AptDeco has over 400,000 active customers, sold more than $60 million of furniture, and has generated over $21 million in revenue to date. Reham Fagiri and Kalam Dennis founded AptDeco in March 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology R&D, sales and marketing, and operational and logistics expenses.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$5,618,183

$3,929,242

COGS

$3,637,350

$2,253,317

Tax

$3,551

$0

 

 

Net Income

$-3,723,815

$-1,657,097

Summary Balance Sheet

FY 2021 FY 2020

Cash

$2,326,187

$3,307,697

Accounts Receivable

$19,053

$7,642

Total Assets

$4,079,042

$4,861,128

Short-Term Debt

$920,358

$710,590

Long-Term Debt

$6,621,717

$3,889,756

Total Liabilities

$7,542,075

$4,600,346

Financials as of: 04/07/2023
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AptDeco on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $40,000,000

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