Growth Stage

The World's Most Comfortable Floatation Device

The World's Most Comfortable Floatation Device


Funding data not publicly available

Texture Capital

Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common


Series C

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Apparel & Fashion

Tech Sector


Distribution Model




Capital Intensity



Lewes, Delaware

Business Type


LifeShirt, with a valuation of $15 million, is raising funds on Texture Capital. The company is developing an inflatable personal floatation device using its patented water-safety technology. LifeShirt is made with marine-grade fabrics and is fast-drying, machine washable, and fade-resistant with multiple settings. LifeShirt products will be used for recreational water activities and is expected to be launched worldwide in 2024. Bert Pearsall founded LifeShirt in May 2023. The current crowdfunding campaign has a minimum target of $400,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021












Net Income



Summary Balance Sheet

FY 2022 FY 2021




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 11/20/2023
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)


$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
LifeShirt on Texture Capital 2023
Platform: Texture Capital
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $5.60

Follow company

Follow LifeShirt on Texture Capital 2023

Buy LifeShirt's Deal Report

LifeShirt Deal Report

Get KingsCrowd’s comprehensive report on LifeShirt including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether LifeShirt is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the LifeShirt deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge