braidbabes
[Closed for Investment] braidbabes, with a valuation of $7.2 million, is raising funds on Wefunder. It is a hair braiding business with a team of mobile braiders in Buffalo and Nashville. The business provides on-demand, on-location, and high-quality braids and has a loyal customer base. braidbabes has tripled its revenue in 2020 and 2021 and expects to reach $1.5 million in revenue in 2022. The business has 40 mobile braiders on the team and has booked 8,000 appointments to date. Emmily Bowman and Tori Everett founded braidbabes in May 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketing, purchasing more braiding kits, offering free appointments to individuals, and launching in new cities.
Investment Overview
Raised: $76,586
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 09/12/2022
- Close Date
- 04/30/2023
$50,000
$1,070,000
$100
Convertible Note
Seed
RegCF
$7,200,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Beauty & Personal Care
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +267% YoY
- $586,675
- Monthly Burn
- $33,983
-
Runway
- 1.4 months
- Gross Margin
- 45%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $633,062
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $7,200,000 | $76,586 | Convertible Note | Funded | RegCF |