Ernest Supplies (2021)

Ernest Supplies (2021)

Closed: Testing the Waters

About this raise

Ernest Supplies, with a $5 million valuation cap, is testing the waters on SeedInvest. It is an omnichannel skincare brand that makes clean, sustainable, and accessible skin health products. The leading product of Ernest Supplies is its Protective Matte Moisturizer made for all skin tones, skin types, and genders. John Cafarelli and Luigi Bianco founded Ernest Supplies in 2009. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for digital marketing, hiring salaries, new products, and debt paydown. Ernest Supplies products are sold at Selfridges, Anthropologie, and Cult Beauty and achieved a repeat customer rate of 53% in the second half of 2020.

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Investment Overview

Invested this round: $0

Deal Terms

Total Commitments

Platform
SeedInvest
Start Date
05/03/2021
Close Date
06/06/2021
Min. Goal
Funded
Max Goal
Funded
Min. Investment

$1,000

Security Type

Convertible Note

SEC Filing Type

Test the Waters / RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2009
Industry
Beauty & Personal Care
Tech Sector
Cleantech
Location
New York, New York
Company Website
Visit Website

Team

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/24/2021 SeedInvest $5,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
06/06/2021 SeedInvest $5,000,000 $0 Convertible Note Funded Test the Waters / RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Ernest Supplies on SeedInvest
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $5,000,000

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Warning: according to the close date for this deal, Ernest Supplies may no longer be accepting investments.

Ernest Supplies Deal Report

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