FloraScentials

FloraScentials

Closed: Apr. 2021

About this raise

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/06/2020
Close Date
04/08/2021
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
St. Louis, Missouri
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
Yes
Founder Name
Randy Weiss
Title
CEO

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$1,238
 Runway
4.1 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/08/2021 Wefunder $3,000,000 $0 Convertible Note Not Funded RegCF
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Add to portfolio
FloraScentials on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,000,000

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