Locl

Locl

Early Stage

World's finest surfing apparel. Pending B Corp®.

World's finest surfing apparel. Pending B Corp®.

Overview

Raised this Round: Raised: $50,050

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/09/2019

Close Date

04/29/2020

Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,000,000

Discount

25%

Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Malibu, California

Business Type

Life Style

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,824

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,916

$0

Accounts Receivable

$0

$0

Total Assets

$13,076

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/09/2019
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Locl on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,000,000

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

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