Coyuchi

Overview

Deal Terms

Company Profile

Deal Summary

Financials

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Coyuchi

Platform

Manhattan Street Capital

Start Date

08/09/2022

Close Date

08/09/2023

Min. Goal

$500

Max. Goal

$59,800,000

Min. Investment

$500

Security Type

Equity - Preferred

Series

Series C

SEC Filing Type

RegA+    

Price Per Share

$4.50

Pre-Money Valuation

$117,000,000

Venture Capital Investors:

Saffron Hill Ventures

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Coyuchi

Year Founded

1991

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

Company Website

Coyuchi is raising funds through Reg A+ crowdfunding with Manhattan Street Capital as the Broker-Dealer. The company makes sustainable and luxury home textile products. The business designs, develops, imports, and sells coastal-inspired organic bedding, sheets, towels, apparel, and other home goods. All products of Coyuchi are made of natural fibers, including organic cotton certified under the Global Organic Textile Standard. Coyuchi has a loyal customer base and has received several rewards and recognitions. Eileen Mockus founded Coyuchi in 1991. The current crowdfunding campaign has a maximum target of $59,800,000. The campaign proceeds will be used to expand marketing channels, improve information technology, and explore geographic expansion.

Balance Sheet

Cash and Cash Equivalents	$3,182,926
Accounts and Notes Receivable	$881,226
Property, Plant and Equipment (PP&E)	$643,415
Total Assets	$21,396,808

Accounts Payable & Accrued Liabilities	$8,650,697
Long Term Debt	$582,017
Total Liabilities	$13,870,543
Total Stockholders' Equity	$7,526,265
Total Liabilities and Equity	$21,396,808

Statement of Comprehensive Income Information

Total Revenues	$33,333,883
Costs & Expenses Applicable to Rev	$14,589,659
Depreciation and Amortization	$129,440
Net Income	$1,372,232

Earnings Per Share - Basic	$1.26
Earnings Per Share - Diluted	$0.06

Auditor: LJ Soldinger Associates, LLC

Financials as of: 08/09/2022

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Coyuchi is well-positioned to take advantage of changing consumer behavior as well. With consumers looking to shop and live more sustainably, the company’s bed sheets, linen, and other home goods answer a clear market demand for sustainable textiles. And while we don’t have exact numbers, Eileen told me that Coyuchi’s products have very low return rates. 

The company’s approach over the last 30 years has been simple but effective: producing high quality sustainable products means customers will love our brand. Strong branding has been critical to the company’s solid growth over the past eight years. Now, Coyuchi hopes to leverage its strong brand with an aggressive growth strategy in the coming years to maintain its impressive momentum.

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