Duradry
Growth Stage
Making embarrassing sweat marks a thing of the past
Overview
Raised: $105,389
Total Commitments ($USD)
Platform
Republic
Start Date
02/24/2022
Close Date
04/30/2022
Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,647
# of Investors
247
Momentum
Funded
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Year Founded
2014
Industry
Beauty & Personal Care
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Duradry, with a valuation of $12 million, is raising funds on Republic. The company has developed easy-to-use antiperspirant deodorants that are safe, non-invasive, and FDA-approved. The solution has been proven effective against excessive sweating and attacks sweating problem from many different angles. Duradry generated $4 million in revenue in 2021 and expects to generate $8 million in 2022. Jack Benzaquen founded Duradry in February 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,000,000. The campaign proceeds will be used to launch new products and expand nationally and internationally.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,937,677 |
$845,551 |
|
COGS |
$1,496,018 |
$503,985 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-199 |
$7,426 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$469,288 |
$299,882 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$654,565 |
$375,527 |
|
Short-Term Debt |
$149,073 |
$20,214 |
|
Long-Term Debt |
$153,839 |
$3,461 |
|
Total Liabilities |
$302,912 |
$23,675 |
Financials as of: 02/24/2022
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