Aquaborne

Early Stage

Producing Exotic Leather From Discarded Fish-Skins

Analytics

Raised to Date: Raised: $115,049

Aggregate Commitments $

Platform

Wefunder

Start Date

03/15/2021

Close Date

04/30/2022

Min. Goal

$75,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$3,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal

153%

% of Max. Goal

11%

Likelihood of Max
Funded
Avg. Daily Raise

$280

Momentum
Funded
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Location

Sacramento, California

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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: 03/15/2021
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Aquaborne on Wefunder
$
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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