Ionic Wearables
Ionic Wearables, with a valuation of $49.95 million, is raising funds on PicMii. It is a wearable tech company launching two innovative brands. Ionic Wearables’ BRN is the world’s first wearable weight loss apparel brand and Oshun is the world’s first sexual wellness apparel brand. The company uses Incrediwear functional fabric technology that infuses semiconductor elements into textiles and releases infrared waves when stimulated by body heat to help with weight loss and sexual wellness. Blake Luvon and Joe Wallace founded Ionic Wearables in October 2023. The current crowdfunding campaign has a minimum target of $9,995.55 and a maximum target of $4.9 million. The campaign proceeds will be used for sales and marketing, salaries, inventory, COGS, and research and development.
Investment Overview
Raised: $0
Deal Terms
Total Commitments ($USD)
- Platform
- PicMii
- Start Date
- 10/24/2024
- Close Date
- 12/31/2024
$9,996
$4,999,995
$500
Equity - Common
Pre-Seed
RegCF
$5.55
$49,950,000
Company & Team
Company
- Year Founded
- 2023
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2024 | PicMii | $49,950,000 | $0 | Equity - Common | Active | RegCF |