Loza Tam
About this raise
Loza Tam, with a valuation of $3 million, is raising funds on Wefunder. The company makes ultra luxurious hair wraps that help fight frizz and bad hair days. The hair wraps of Loza Tam come in a pre-tied design with satin interior lining and work for all hair textures, including coily, curly, wavy, and straight. Loza Tam has sold over 16,000 units with a 59% year-over-year revenue growth from 2019 to 2020. Tomara Watkins founded Loza Tam in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for inventory, team expansion, and marketing.
Investment Overview
Invested : $35,150
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/22/2022
- Close Date
- 11/19/2022
$15,000
$100,000
$100
SAFE
Seed
RegCF
$2,500,000
$3,000,000
15%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Beauty & Personal Care
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -19.4% YoY
- $126,659
- Monthly Burn
- $4,662
-
Runway
- 1.6 months
- Gross Margin
- 55%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $30,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/19/2022 | Wefunder | $3,000,000 | $35,150 | SAFE | Funded | RegCF |
