Esoes Cosmetics
Early Stage
Fighting Drug Facilitated Assault + Violence With Patented Smart Safety Cosmetics
Overview
Raised: $64,450
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/25/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$6,000,000
Valuation Cap
$7,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$516
# of Investors
116
Momentum
Funded
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Year Founded
2021
Industry
Beauty & Personal Care
Tech Sector
FashionTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Esoes Cosmetics, with a valuation of $7 million, is raising funds on Wefunder. The company is fighting drug-facilitated assault and violence with its patented smart safety products. Esoes Cosmetics’ products include a tech-enabled lipstick that could save your life and a drug-detection nail polish. The business has also developed a customisable Safety App available on both iOS and Android that comes with a panic button. Esoes Cosmetics has over 75,000 social media followers and 10 million views on social media. Joy Hoover and Philip Hoover founded Esoes Cosmetics in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for mobile app development, manufacturing, legal fees, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$35,684 |
$24,998 |
|
COGS |
$0 |
$2,829 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-21,863 |
$6,271 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$4,674 |
$6,364 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$161,420 |
$6,364 |
|
Short-Term Debt |
$17,595 |
$2,886 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$17,595 |
$2,886 |
Financials as of: 12/25/2023
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