Crafter
Growth Stage
Bringing makers of every level together through the art of crafting
Overview
Raised: $135,799
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/26/2023
Close Date
06/30/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$200
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,122
# of Investors
165
Momentum
Funded
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Year Founded
2015
Industry
Education, Training, & Coaching
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Crafter, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a platform to bring artists and crafters together through the art of crafting. The platform offers artisan tools, materials, and education through its kits and workshops and provides a space for artists and crafters to support, educate, and learn from one another. Crafter has launched over 100 workshops to more than 25,000 makers and has a CAGR of 39% since its launch. Morgan Spenla founded Crafter in November 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for hiring additional marketing team members and a development team member, marketing, and operating expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,849,412 |
$2,038,060 |
|
COGS |
$1,215,793 |
$1,533,173 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,188,379 |
$-1,735,993 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$776,233 |
$464,893 |
|
Accounts Receivable |
$0 |
$2,956 |
|
Total Assets |
$803,297 |
$1,320,939 |
|
Short-Term Debt |
$838,676 |
$397,787 |
|
Long-Term Debt |
$528,950 |
$0 |
|
Total Liabilities |
$1,367,626 |
$397,787 |
Financials as of: 04/26/2023
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