Loftie
About this raise: 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.
Investment Overview
Invested : $60,188
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 10/20/2022
- Close Date
- 02/17/2023
$9,998
$1,234,998
$297
Equity - Common
Seed
RegCF
$3.38
$30,044,441
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +246% YoY
- $2,512,892
- Monthly Burn
- $64,591
-
Runway
- 6.4 months
- Gross Margin
- 53%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,950,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/17/2023 | StartEngine | $30,044,441 | $60,188 | Equity - Common | Funded | RegCF |