Daniel House Club

Daniel House Club

Early Stage

We make it simple for interior designers to source from hundreds of vendors

We make it simple for interior designers to source from hundreds of vendors

Overview

Raised this Round: Raised: $544,052

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/12/2023

Close Date

10/25/2023

Min. Goal
$50,000
Max. Goal
$800,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.74

Early Bird Valuation

$6,956,800

Pre-Money Valuation

$7,999,994

Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Portland, Oregon

Business Type

Growth

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

FY 2021 FY 2020

Revenue

$385,952

$409,045

COGS

$325,231

$342,380

Tax

$0

$0

 

 

Net Income

$-488,371

$-189,100

Summary Balance Sheet

FY 2021 FY 2020

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: 02/12/2023
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Daniel House Club on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,999,994
Price per Share: $0.74

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