Aquaborne
Early Stage
Producing Exotic Leather From Discarded Fish-Skins
Overview
Raised: $115,049
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/14/2021
Close Date
04/30/2022
Min. Goal
$75,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,700,000
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$280
# of Investors
101
Momentum
Funded
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Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Aquaborne, with a $3 million valuation cap, is raising crowdfunding on Wefunder. It is going to be the first commercial eco-friendly fish tanning facility in the USA that makes exotic leather from discarded fish-skins. The tannery will launch in California and provide superior alternatives to existing leather options. Nodar Narsavidze and Sergei Zharkov founded Aquaborne in August 2020. The current crowdfunding campaign has a minimum target of $375,000 and a maximum target of $1,070,000, and the funds will be used towards rent, raw skin acquisition, marketing, staffing, and tanning supplies. Aquaborne is in a production-ready stage and will help to save endangered species from being killed.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-53,602 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$500 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$500 |
$0 |
|
Short-Term Debt |
$54,102 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$54,102 |
$0 |
Financials as of: 03/14/2021
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