Coils to Locs
About this raise
Coils to Locs, with a valuation of $2 million, is raising funds on Wefunder. The company makes ethnically-inspired wigs for medical and non-medical hair loss. The company caters specifically to millions of Black women across America who lose hair due to cancer but cannot find wigs matching their tightly coiled hair. Coils to Locs has been featured on the Today Show and in Forbes, People, and Elle and has partnerships with top hospitals. Dianne Shaddock Austin and Pamela Shaddock founded Coils to Locs in May 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for digital marketing, operations software, fulfillment center, and hiring part-time business development and marketing team members.
Investment Overview
Invested : $79,100
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/23/2023
- Close Date
- 04/30/2023
$50,000
$250,000
$100
SAFE
Early Stage
RegCF
$2,000,000
15%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$29,364
as of FY2021
-
Cash on Hand
-
$60,675
as of FY2021
- Gross Margin
-
60%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $2,000,000 | $79,100 | SAFE | Funded | RegCF |