BeoFior
Early Stage
Vegan, plant-powered and CLEAN skincare enhanced with CBD/CBG/CBDA
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
04/18/2022
Close Date
07/23/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/22/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Beauty & Personal Care
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
BeoFior, with a valuation of $6 million, is raising funds on Republic. The company makes 100% vegan, plant-powered, and cruelty-free skincare. The products of BeoFior are also enhanced with cannabinoid infusions, including CBD, CBG, and CBDA. BeoFior has been featured in VOGUE and Amazon Indie Beauty and has generated $316,000 in revenue to date. Kevin Boyer and Kevin Fortuna founded BeoFior in August 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for new product development, UGC expansion, category expansion, educational enhancements, and affiliate partnerships.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$208,947 |
$0 |
|
COGS |
$49,045 |
$0 |
|
Tax |
$10 |
$0 |
| ||
| ||
|
Net Income |
$-489,976 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$55,788 |
$311,132 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$279,840 |
$411,464 |
|
Short-Term Debt |
$308,353 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$308,353 |
$0 |
Financials as of: 04/18/2022
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