Ionic Wearables

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.

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Investment Overview

Raised this Round: Raised: $0

Deal Terms

Total Commitments ($USD)

Platform
PicMii
Start Date
10/24/2024
Close Date
12/31/2024
Min. Goal
$9,996
Max. Goal
$4,999,995
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.55

Pre-Money Valuation

$49,950,000

Company & Team

Company

Year Founded
2023
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Twisp, Washington
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Blake Luvon
Title
CEO
Founder Name
Jackson Corley
Title
Chairman of the Board
Founder Name
Joe Wallace
Title
COO

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue
$0
 Cash on Hand
$100

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$100

$0

Accounts Receivable

$800

$0

Total Assets

$900

$0

Short-Term Debt

$900

$0

Long-Term Debt

$0

$0

Total Liabilities

$900

$0

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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
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Add to portfolio
Ionic Wearables on PicMii 2024
Platform: PicMii
Security Type: Equity - Common
Valuation: $49,950,000
Price per Share: $5.55

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