Coterie Party

Coterie Party

Early Stage

Elevated party supplies for every occasion, designed in house and delivered to your door

Elevated party supplies for every occasion, designed in house and delivered to your door

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

06/01/2020

Close Date

08/09/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

Growth

Coterie Party, with a $5 million valuation cap, is raising funds on SeedInvest. The company designs and delivers stylish party supplies for all occasions. The party supplies of Coterie Party are unique, elegant, and simple, including its kids’ collection. Coterie Party was founded by Sara Raffa and Linden Ellis in 2018 and has raised $2.75 million in its previous rounds of financing. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the proceeds will be used for marketing and growth, product and operations, technology, and headcount. Coterie Party has launched successful partnership collections with Reese Witherspoon’s brand Draper James and FabFitFun. The company generated over $24,500 in revenue in May 2020, with no spend on marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$126,408

$0

COGS

$89,507

$0

Tax

$0

$0

 

 

Net Income

$-1,570,950

$-346,739

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$647,540

$102,811

Accounts Receivable

$35,759

$0

Total Assets

$875,513

$161,541

Short-Term Debt

$52,457

$17,480

Long-Term Debt

$0

$0

Total Liabilities

$52,457

$17,480

Financials as of: 06/01/2020
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Founder Profile

Interview with Coterie Founders Sara Raffa & Linden Ellis

Finding elegant supplies for special occasions like bridal showers and birthday parties can be surprisingly difficult. Stores like PartyCity can be overwhelming while online retailers like Amazon or Etsy make it difficult to find matching decorations.

Coterie Party is looking to disrupt the massive party supply industry by becoming the online go-to for finding stylish supplies that can be delivered straight to your door. We sat down with founders Sara Raffa and Linden Ellis to talk about how the two met, how ready the party supply industry is for disruption, and where Coterie is going from here.

Read Founder Interview

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Coterie Party on SeedInvest
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $5,000,000

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

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