Lilu
Early Stage
Smart tech products to empower breastfeeding moms
Overview
Raised: $15,518
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/03/2023
Close Date
04/21/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$8,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
140
% of Min. Goal
31%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$517
Momentum
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Location
New York, New York
Lilu, with a valuation of $8.5 million, is raising funds on Wefunder. The company makes smart tech products to empower breastfeeding moms. Lilu’s products include a wearable Omni Breast Pump and a MilkSense Bra + App that make breastfeeding comfortable, efficient, and pain-free. Lilu products have gained 2,500 customers and generated $230,000 in sales in its beta launch. Adriana Vazquez and Sujay Suresh founded Lilu in May 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for team salaries, operational expenses, R&D, inventory, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$53,876 |
$61,623 |
|
COGS |
$69,055 |
$44,344 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-438,528 |
$-235,501 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$129,228 |
$507,488 |
|
Accounts Receivable |
$0 |
$1,813 |
|
Total Assets |
$211,688 |
$657,795 |
|
Short-Term Debt |
$8,443 |
$16,701 |
|
Long-Term Debt |
$1,269,899 |
$1,269,219 |
|
Total Liabilities |
$1,278,342 |
$1,285,920 |
Financials as of: 11/03/2023
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