Blushington

Blushington

Closed: Nov. 2024

About this raise: Blushington, with a valuation of $10 million, is raising funds on Wefunder. The company offers expert beauty franchises and meets the diverse demands of all ages and skin tones. Blushington offers blowouts, makeup, and skincare services and delivers a luxury-meets-express beauty experience. The concept stores of Blushington have serviced more than 4 million client appointments to date and have a $6.5 million pipeline value of prospective franchisees, with the first sold in Florida. Mark Maron, Nicole Maron, and Stephanie Cohen founded Blushington in January 2024. 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 debt repayment, operating capital, marketing, and franchise sales.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
07/19/2024
Close Date
11/30/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2024
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Nicki Maron
Title
Chief Marketing Officer
Founder Name
Stephanie Cohen
Title
Chief Operating Officer
Founder Name
Mark Maron
Title
Chairman

Funding data not publicly available

Financials

as of June 1, 2024
 Revenue +180% YoY
$509,444
 Monthly Burn
$165,008
 Runway
0.5 months
Gross Margin
29%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$509,444

$179,541

COGS

$363,819

$199,955

Tax

$0

$0

 

 

Net Income

$-1,533,798

$-1,525,290

Summary Balance Sheet

FY 2023 FY 2022

Cash

$5,677

$27,882

Accounts Receivable

$10,018

$8,700

Total Assets

$407,867

$474,679

Short-Term Debt

$27,010

$7,001

Long-Term Debt

$0

$0

Total Liabilities

$27,010

$7,001

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,610,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/30/2024 Wefunder $10,000,000 $0 SAFE Not Funded RegCF
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Blushington on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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