Loftie

Growth Stage

Designed for Better Sleep

Analytics

Raised to Date: Raised: $42,424

Aggregate Commitments $

Platform

StartEngine

Start Date

10/20/2022

Close Date

01/17/2023

Min. Goal

$9,998

Max. Goal

$1,234,998

Min. Investment

$297

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$3.38

Pre-Money Valuation

$30,044,441

Rolling Commitments $

Status

Active

Reporting Date

11/26/2022

Days Remaining

52

% of Min. Goal

424%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,147

# of Investors

46

Momentum
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Location

New York, New York

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Loftie, with a valuation of $30.04 million, is raising funds on StartEngine. The company uses mindful technology and thoughtful designs to create products and services that improve sleep for its customers. The sleep wellness products of Loftie include Loftie Lamp and Loftie Clock, and help people rest, relax, and recharge. The company generated $2.5 million in revenue last year with a year-over-year growth rate of 253%. Matthew Hassett founded Loftie in July 2018. The current crowdfunding campaign has a minimum target of $9,998.04 and a maximum target of $1.23 million. The campaign proceeds will be used to expand its app content to include more sleep and wellness content and hold live wellness sessions.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,512,892

$725,730

COGS

$1,180,280

$510,140

Tax

$0

$0

 

 

Net Income

$-775,094

$-870,635

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$416,131

$53,530

Accounts Receivable

$68,463

$0

Total Assets

$1,007,376

$102,032

Short-Term Debt

$2,681,453

$801,974

Long-Term Debt

$500,000

$700,000

Total Liabilities

$3,181,453

$1,501,974

Financials as of: 10/20/2022
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Loftie on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,044,441

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