LIVSN Designs

LIVSN Designs

Closed: Dec. 2022

About this raise

LIVSN Designs, with a valuation of $7.18 million, is raising funds on Wefunder. The company makes versatile outdoor apparel that performs well and looks good. The clothes of LIVSN Designs are also environment-friendly and ethically made. LIVSN Designs sells at over 75 independent retailers and two major e-commerce sites and generated more than $1 million in revenue in 2021. Andrew Gibbs-Dabney founded LIVSN Designs in January 2019. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $499,999. The campaign proceeds will be used for marketing, inventory, salaries, and working capital.

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Investment Overview

Invested this round: $419,631

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/18/2022
Close Date
12/07/2022
Min. Goal
$50,001
Max Goal
$499,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.11

Early Bird Valuation

$6,012,784

Pre-Money Valuation

$7,176,548

Company & Team

Company

Year Founded
2019
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Bentonville, Arkansas
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Andrew Gibbs-Dabney
Title
CEO
Founder Name
Todd Stockbauer
Title
CFO

Financials

 Revenue +284% YoY
$1,027,704
 Monthly Burn
$46,695
 Runway
1.2 months
Gross Margin
43%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,027,704

$267,976

COGS

$582,620

$175,707

Tax

$0

$0

 

 

Net Income

$-560,345

$-219,535

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$54,677

$148,711

Accounts Receivable

$31,297

$847

Total Assets

$434,668

$224,122

Short-Term Debt

$483,238

$64,216

Long-Term Debt

$932,500

$607,500

Total Liabilities

$1,415,738

$671,716

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,177,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/07/2022 Wefunder $7,176,548 $419,631 Equity - Preferred Funded RegCF
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Add to portfolio
LIVSN Designs on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,176,548
Price per Share: $1.11

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Follow LIVSN Designs on Wefunder 2022

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

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