Hold The Magic
Early Stage
Re-Imagining the Tooth Fairy tradition with tiny gifts that deliver magic
Overview
Raised: $79,475
Total Commitments ($USD)
Platform
Republic
Start Date
04/26/2022
Close Date
04/15/2023
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$225
# of Investors
63
Momentum
Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Hold The Magic, with a valuation of $10 million, is raising funds on Republic. The company is reimagining the tooth fairy tradition with its service of delivering tiny gifts and stories in exchange for a lost tooth. The company provides everything to bring the Tooth Fairy to life and leaves the rest to the kids’ imagination. Hold The Magic has already sold over 8,000 gifts to more than 2,700 customers with an average order value of $69 and a 32% return rate. Shannon Cahoon founded Hold The Magic in August 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used to attract celebrity mom influencers, enter adjacent categories, scale the e-commerce business, and broaden the intellectual property portfolio.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$108,741 |
$49,575 |
|
COGS |
$47,541 |
$23,962 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-117,907 |
$-122,290 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$140,151 |
$165,284 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$185,981 |
$203,049 |
|
Short-Term Debt |
$21,077 |
$20,597 |
|
Long-Term Debt |
$334,600 |
$234,600 |
|
Total Liabilities |
$355,677 |
$255,197 |
Financials as of: 04/26/2022
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