LookFirst by Syr

LookFirst by Syr

Closed: Jun. 2022

About this raise

LookFirst by Syr, with a valuation of $5 million, is raising funds on Wefunder. The app enables users to collect and share shopping and travel notes and find authentic recommendations about food, fashion, and travel choices from locals. LookFirst functions as the specific social network and interest-based community to connect people. Rob K Latt, Thiha Min, and Susan Huang founded LookFirst by Syr in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $200,000. The campaign proceeds will be used for software development, marketing and content, and miscellaneous expenses.

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Investment Overview

Invested this round: $56,150

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/15/2022
Close Date
06/08/2022
Min. Goal
$50,000
Max Goal
$200,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Dover, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Robert Latt
Title
CEO
Founder Name
Thiha Min
Title
CTO
Founder Name
Susan Huang
Title
CMO

Financials

 Revenue
$22,542
 Monthly Burn
$3,024
 Runway
1.7 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$22,542

$0

COGS

$35,049

$0

Tax

$0

$0

 

 

Net Income

$-36,282

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,989

$0

Accounts Receivable

$0

$0

Total Assets

$4,989

$0

Short-Term Debt

$768

$0

Long-Term Debt

$35,104

$0

Total Liabilities

$35,871

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/08/2022 Wefunder $5,000,000 $56,150 SAFE Funded RegCF
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Add to portfolio
LookFirst by Syr on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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

LookFirst by Syr Deal Report

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