FloraScentials
Early Stage
Restoring the natural fragrance to non-fragrant cut flowers
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/05/2020
Close Date
04/07/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/17/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
FloraScentials, with a $3 million valuation cap, is raising funds on Wefunder. The company is developing innovative products to add fragrance to non-fragrant cut flowers by altering the plant diet. It is in talks with a major fragrance company for the supply of fragrant essential oils and is in the process of identifying natural and safe ingredients. Randy Weiss founded FloraScentials in 2018. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards hiring a part-time formulation chemist, research and development, market research, intellectual property and fees, and office expenses. FloraScentials has a partnership with Smithers-Oasis, a global provider of floral products.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-14,851 |
$-17,701 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,078 |
$5,615 |
|
Accounts Receivable |
$5 |
$5 |
|
Total Assets |
$5,083 |
$5,620 |
|
Short-Term Debt |
$11,416 |
$11,283 |
|
Long-Term Debt |
$11,214 |
$2,033 |
|
Total Liabilities |
$22,630 |
$13,316 |
Financials as of: 11/05/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.