Coils to Locs

Early Stage

Ethnically inspired wigs for medical & non-medical hair loss

Overview

Raised to Date: Raised: $57,150

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/23/2023

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

Funding Type

RegCF

Valuation Cap

$2,000,000

Discount Rate

15%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

114%

% of Max. Goal

23%

Likelihood of Max
extremely
Avg. Daily Raise

$5,715

# of Investors

86

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Dorchester, Massachusetts

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$29,364

$11,469

COGS

$11,863

$2,923

Tax

$0

$0

 

 

Net Income

$39,146

$7,264

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$60,675

$28,448

Accounts Receivable

$670

$0

Total Assets

$70,897

$36,218

Short-Term Debt

$0

$15

Long-Term Debt

$15,000

$20,000

Total Liabilities

$15,000

$20,015

Financials as of: 01/23/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Pending Review

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Coils to Locs on Wefunder 2023
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $2,000,000

Follow company

Follow Coils to Locs on Wefunder 2023
View on Wefunder