Insta Slim
About this raise
Insta Slim, with a valuation of $2.6 million, is raising funds on StartEngine. It is an apparel company that manufactures and sells shapewear for men. Insta Slim’s line of men’s undergarments are made using anti-odor and anti-bacterial technology and help men look more toned, slim, and fit in their clothing. The compression exerted by Insta Slim products also provides back support, improves posture, and firms up the chest. Eemaan Jalili and Houshang Jalili founded Insta Slim in March 2010. The current crowdfunding campaign has a minimum target of $24,997 and a maximum target of $999,999. The campaign proceeds will be used for marketing, salaries, intellectual property, professional fees, and working capital.
Investment Overview
Invested : $33,859
Deal Terms
- Platform
- StartEngine
- Start Date
- 04/14/2017
- Close Date
- 10/12/2017
$24,997
$999,999
$525
Equity - Common
Early Stage
RegCF
$1.75
$2,625,000
Company & Team
Company
- Year Founded
- 2010
- Industry
- Apparel & Fashion
- Tech Sector
- Location
- Irvine, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2016
- Monthly Burn
-
$3,140
as of FY2016
-
Runway
-
4.1 months
as of FY2016
- Gross Margin
-
49%
as of FY2016
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/12/2017 | StartEngine | $2,625,000 | $33,859 | Equity - Common | Funded | RegCF |