Loftie

Growth Stage

Designed for Better Sleep

Overview

Raised to Date: Raised: $60,188

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/20/2022

Close Date

02/17/2023

Min. Goal

$9,998

Max. Goal

$1,234,998

Min. Investment

$297

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.38

Pre-Money Valuation

$30,044,441

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2023

Days Remaining
Funded
% of Min. Goal

602%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$502

# of Investors

77

Momentum
Funded
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Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

New York, New York

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
Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,044,441

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