Locl
About this raise
LOCL, with a valuation cap of $2.5 million, is raising crowdfunding on WeFunder. The company manufactures world-class apparel for surfers, especially in the age group between 25 to 54 years. LOCL caters specifically to educated, mature, and affluent male and female surfers. LOCL was founded by Jonathan Rath in 2019 and has raised $15,000 since its inception. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $107,000, and the funds will be used for product and brand development and business operations. LOCL already has partnerships with top-class designers and creatives and is growing its reach and brand visibility exponentially.
Investment Overview
Invested $50,050 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/29/2020 | Wefunder | $2,000,000 | $50,050 | SAFE | Funded | RegCF |