braidbabes

braidbabes

Early Stage

Hair braiding startup making 70K/month

Hair braiding startup making 70K/month

Overview

Raised to Date: Raised: $76,586

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/11/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,200,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$333

# of Investors

155

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2019

Industry

Beauty & Personal Care

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Buffalo, New York

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$586,675

$159,666

COGS

$325,102

$81,152

Tax

$0

$0

 

 

Net Income

$-407,800

$17,433

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$48,399

$11,156

Accounts Receivable

$0

$0

Total Assets

$116,892

$11,308

Short-Term Debt

$20,923

$6,652

Long-Term Debt

$521,458

$10,213

Total Liabilities

$542,381

$16,865

Financials as of: 09/11/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
braidbabes on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $7,200,000

Follow company

Follow braidbabes on Wefunder 2022

Buy braidbabes's Deal Report

Warning: according to the close date for this deal, braidbabes may no longer be accepting investments.

braidbabes Deal Report

Get KingsCrowd’s comprehensive report on braidbabes including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether braidbabes is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the braidbabes deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge