About this raise
HoldOn Bags, with a valuation of $15 million, is raising funds on Wefunder. It is a sustainable household goods company that sells plant-based products. HoldOn Bags creates plastic-free, non-toxic, and 100% compostable trash and kitchen bags that are designed with convenience and the environment in mind. The company is approaching a $3 million revenue run rate with 55% gross margins and has been featured in Buzzfeed, Forbes, Domino, Real Simple, and other publications. Livio Bisterzo founded HoldOn Bags in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $80,000. The campaign proceeds will be used for marketing and retail support and digital customer acquisition.
Investment Overview
Invested : $163,570
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/04/2024
- Close Date
- 01/31/2025
$50,000
$410,000
$100
SAFE
Growth Stage
RegCF
$12,500,000
$15,000,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +265% YoY
-
$3,133,281
as of FY2023
- Monthly Burn
-
$220,144
as of Sep '24
-
Runway
-
1.7 months
as of Sep '24
- Gross Margin
-
60%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,173,500
- VC Backed?
- Yes