Bogobrush

Bogobrush

Early Stage

Subscription bio-degradable toothbrushes. Beautiful and Gives Back

Subscription bio-degradable toothbrushes. Beautiful and Gives Back

Overview

Raised this Round: Raised: $57,500

Platform

Wefunder

Start Date

05/15/2016

Close Date

10/11/2016

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

0%

Year Founded

2012

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Location

Detroit, Michigan

Bogobrush, with a valuation of $4 million, is raising funds on Wefunder. The company makes recyclable and biodegradable toothbrushes to reduce plastic waste. Bogobrush is bringing innovation into the stagnant toothbrush market and creating an environmentally and socially conscious product. The products are currently available in 25 boutiques across the US and are planned to be sold on a subscription model. Heather McDougall and John McDougall founded Bogobrush in February 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for hiring a public relations agency, marketing, expansion of distribution, and purchasing a larger tool.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$13,904

$50,566

COGS

$12,847

$22,945

Tax

$0

$0

 

 

Net Income

$-29,153

$20,089

Summary Balance Sheet

FY 2015 FY 2014

Cash

$3,008

$30,688

Accounts Receivable

$0

$0

Total Assets

$43,882

$48,920

Short-Term Debt

$36,260

$28,237

Long-Term Debt

$94,435

$78,343

Total Liabilities

$130,695

$106,580

Financials as of: 05/15/2016
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Bogobrush on Wefunder 2016
Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

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