Dance Happy

Dance Happy

Dance Happy is raising funds on Honeycomb. It is a social impact accessories brand that specializes in artisan-quality textiles. Dance Happy provides employment for adults with disabilities, crafting totes, zipper bags, and other accessories, and celebrates the beauty of individuality. It is the first-ever Down syndrome-founded brand to be carried by Nordstrom and to complete the Tory Burch Foundation Fellowship program. Emily Sommers founded Dance Happy in September 2016. The current crowdfunding campaign has a minimum target of $55,000 and a maximum target of $110,000. The campaign proceeds will be used for key new hires, marketing, refinancing high-interest debt, and product development.

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Investment Overview

Raised this Round: Raised: $43,476

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/01/2024
Close Date
12/16/2024
Min. Goal
$55,000
Max. Goal
$110,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Wilmington, Delaware
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Emily Sommers
Title
CEO
Founder Name
Julia A
Title
Chief Dancing Officer and Lead Pattern Designer

Financials

as of Fiscal Year 2023
 Revenue +55% YoY
$106,061
 Monthly Burn
Profitable
 Cash on Hand
$4,102
Gross Margin
58%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$106,061

$68,399

COGS

$44,075

$18,819

Tax

$0

$0

 

 

Net Income

$12,536

$8,081

Summary Balance Sheet

FY 2023 FY 2022

Cash

$4,102

$1,893

Accounts Receivable

$0

$0

Total Assets

$29,939

$29,403

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
12/16/2024 Honeycomb - $43,476 Debt Active RegCF
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Dance Happy on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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