Loverly
About this raise
Loverly, with a valuation of $24 million, is raising funds on NetCapital. The company has developed a digital marketplace that empowers couples to plan their wedding day stress-free. The DIY wedding planning platform guides couples with wedding inspirations, expert wedding planning advice, and free wedding planning tools. Loverly has exclusive partnerships with industry leaders and an average monthly reach of over 20 million across brand channels. Kellee Khalil founded Loverly in January 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,000,001. The campaign proceeds will be used for marketing, professional services, development, team resources, content production, and general and administrative expenses.
Investment Overview
Invested : $51,604
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 05/21/2022
- Close Date
- 09/15/2022
$10,001
$1,000,001
$99
Equity - Common
Early Stage
RegCF
$2.25
$24,005,250
Company & Team
Company
- Year Founded
- 2011
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $392,843
- Monthly Burn
- $52,247
-
Runway
- 0.1 months
- Gross Margin
- 94%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $500,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/15/2022 | Netcapital | $24,005,250 | $51,604 | Equity - Common | Funded | RegCF |