Lovebox x Happy Loop
The love note messenger
Overview
Raised: $334,366
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/07/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
2.00X
Rev. Share %
4.46%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,429
# of Investors
189
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Lovebox x Happy Loop is raising funds on Wefunder. The company's primary product, Lovebox, is a tangible messaging device that pairs with an app, allowing users to receive photos, drawings, or positive notes from a distance. Happy Loop is their latest product, aimed at building daily routines to nurture social and mental wellbeing. They have achieved $24M global revenue to date with $5M annual revenue in the US and have been backed by consumer ecosystem elite, investor Andy Dunn. Jean Gregoire founded Lovebox in 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for expanding their product offerings and market reach.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$4,776,996 |
$5,517,929 |
|
COGS |
$2,531,372 |
$2,586,807 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-468,430 |
$-617,947 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$158,874 |
$557,280 |
|
Accounts Receivable |
$192,986 |
$15,129 |
|
Total Assets |
$1,329,579 |
$2,508,632 |
|
Short-Term Debt |
$2,377,176 |
$3,087,799 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,377,176 |
$3,087,799 |
Financials as of: 09/07/2023
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