Lovebox x Happy Loop

Lovebox x Happy Loop

The love note messenger

The love note messenger

Overview

Raised to Date: Raised: $267,400

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/08/2023

Close Date

04/30/2024

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Price Per Share

$1.00

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/26/2023

Days Remaining

217

% of Min. Goal

535%

% of Max. Goal

53%

Likelihood of Max
extremely
Avg. Daily Raise

$14,856

Momentum
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Year Founded

2020

Industry

Tech Sector

Location

Wilmington, Delaware

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: 09/08/2023
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Lovebox x Happy Loop on Wefunder 2023
Platform: Wefunder
Security Type: Revenue Share
Price per Share: $1.00

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