Daniel House Club

Early Stage
We make it simple for interior designers to source from hundreds of vendors
Overview
Raised: $224,516
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
449%
% of Max. Goal
18%
Likelihood of Max
Avg. Daily Raise
$5,346
# of Investors
43
Momentum
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Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Daniel House Club, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an online marketplace for interior designers to source from hundreds of vendors. The platform manages sourcing and logistics and enables designers to focus only on designing the perfect space rather than spending time on back-office tasks. Daniel House Club has a $2.6 million run rate and reported a 400% year-over-year growth in 2022, with a member growth of 356%. Alexander Spalding and Peter Spalding founded Daniel House Club in October 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, hiring a salesperson, adding operational support, and new tech feature development.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$385,952 |
$409,045 |
COGS |
$325,231 |
$342,380 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-488,371 |
$-189,100 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$258,956 |
$154,805 |
Accounts Receivable |
$1,753 |
$675 |
Total Assets |
$303,397 |
$194,066 |
Short-Term Debt |
$166,611 |
$87,165 |
Long-Term Debt |
$968,692 |
$450,436 |
Total Liabilities |
$1,135,303 |
$537,601 |
Financials as of: 02/13/2023
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