Layali

Layali

Closed: Apr. 2020

About this raise

Layali, with a valuation cap of $2.5 million, is raising crowdfunding on Republic. The company delivers Middle Eastern products to the consumers’ doorsteps. The Arabic products include food and non-food items, including clothing, Arabic sweets, coffee spices, and home art and decor items. Layali was founded by Sumaya Lakis in December 2018 and has generated more than $180,000 in revenues since its launch. The proceeds of the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $107,000, will be used by Layali to build its own fulfillment facility and to get its first sea shipment of products from the Middle East. Layali already has over 1,000 customers, with a repeat purchase rate of 24%. The company keeps its costs low due to strong and direct connections with manufacturers in Turkey, Syria, and other countries.

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Investment Overview

Invested this round: $77,172

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
09/30/2019
Close Date
04/30/2020
Min. Goal
$25,000
Max Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Athens, Georgia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Founder Name
Sumaya Lakis
Title
Owner

Financials

 Revenue
$109,413
 Monthly Burn
Profitable
 Cash on Hand
$13,490
Gross Margin
16%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$109,413

$15,483

COGS

$91,912

$12,469

Tax

$0

$0

 

 

Net Income

$8,523

$587

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,490

$0

Accounts Receivable

$0

$0

Total Assets

$13,490

$4,967

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2020 Republic $2,500,000 $77,172 SAFE Funded RegCF
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Add to portfolio
Layali on Republic
Platform: Republic
Security Type: SAFE
Valuation: $2,500,000

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Warning: according to the close date for this deal, Layali may no longer be accepting investments.

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