Overview

Raised to Date: Raised: $174,484

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Republic

Start Date

08/26/2020

Close Date

01/15/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$6,000,000

Discount

15%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

01/30/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,237

# of Investors

482

Momentum

Funded

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Bloomi

Year Founded

2018

Industry

Fitness & Wellness

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Oakland, California

Business Type

Growth

Company Website

Bloomi, with a $6 million valuation cap, is raising crowdfunding on Republic. It is an exclusive intimate-care marketplace for all things intimate. The platform carries over 25 vetted brands of clean, intimate care products and is also creating its own line of products. The users can also access expert content from a team of sexologists. Rebecca Alvarez and Julie Leclercq-Argueta founded Bloomi in June 2018. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The proceeds will be used to hire the core team, expand the marketplace, and launch new products. Bloomi has two revenue streams, including products and content. It makes a 55-75% margin on sales and expects to reach $2.3 million in sales by 2021.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$62,755	$36,317
COGS	$25,403	$16,061
Tax	$0	$0
Net Income	$-141,781	$-40,317

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$33,174	$17,101
Accounts Receivable	$0	$0
Total Assets	$39,297	$17,101
Short-Term Debt	$55,340	$6,526
Long-Term Debt	$0	$0
Total Liabilities	$55,340	$6,526

Financials as of: 08/26/2020

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Bloomi	04/24/2023	Wefunder	$18,000,000	$266,606	SAFE	Funded	RegCF
Bloomi	01/14/2021	Republic	$6,000,000	$174,484	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Rebecca Alvarez-Story Talks Ingredient Transparency with Intimacy Products

The intimate care and sexual wellness marketplace can be intimidating, especially due to a lack of transparency behind ingredients in common products. Rebecca Alvarez-Story and her team at Bloomi set out to change that, and create a more welcoming, educational, sexual wellness environment. Bloomi, now raising funds on the Republic portal, is a comprehensive, one-stop-shop for all things sexual health. From period products to pregnancy-safe items, Bloomi makes shopping for womxn products easier than ever.

We sat down with Rebecca, a UC Berkeley-educated Sexologist and entrepreneur, to talk about what inspired her on this journey of creating a more inclusive and empowering marketplace, what brought her to equity crowdfunding, and more-

Note: This interview was conducted over email. It has been lightly edited for clarity and length.

Read Founder Interview