Flat Out of Heels

Flat Out of Heels

Closed: Oct. 2021

About this raise

Flat Out of Heels, with a pre-money valuation of $6 million, is raising funds on StartEngine. The company makes rollable ballet-style flats that can either be used as an emergency flat or worn every day. The shoes can be rolled and kept in purses due to their compact design. Dawn Dickson founded Flat Out of Heels in 2011. The current crowdfunding campaign has a minimum target of $9,994 and a maximum target of $1,069,995, and the funds will be used to fund growth and expansion. Flat Out of Heels has been promoted by celebrities like Swin Cash and Eva Longoria and featured in publications such as CNN, Yahoo, Huffington Post, and Forbes.

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Investment Overview

Invested this round: $249,299

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
04/09/2021
Close Date
10/05/2021
Min. Goal
$9,994
Max Goal
$249,992
Min. Investment

$160

Security Type

Equity - Common

Series

Series C

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$22.87

Pre-Money Valuation

$6,001,248

Company & Team

Company

Year Founded
2011
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Miami Beach, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Dawn Dickson-Akpoghene
Title
Executive Chairman

Financials

 Revenue
$13,492
 Cash on Hand
$678
Gross Margin
87%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$13,492

$48,135

COGS

$1,691

$22,112

Tax

$0

$0

 

 

Net Income

$22,766

$-7,734

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$678

$3,893

Accounts Receivable

$0

$0

Total Assets

$20,595

$4,834

Short-Term Debt

$180,676

$187,680

Long-Term Debt

$0

$0

Total Liabilities

$180,676

$187,680

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/05/2021 StartEngine $6,001,248 $249,299 Equity - Common Funded RegCF
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Add to portfolio
Flat Out of Heels on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,001,248
Price per Share: $22.87

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Warning: according to the close date for this deal, Flat Out of Heels may no longer be accepting investments.

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