Loza Tam
Early Stage
Say Goodbye To Bad Hair Days With Frizz-Fighting Hair Wraps
Overview
Raised: $35,150
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/21/2022
Close Date
11/19/2022
Min. Goal
$15,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,500,000
Valuation Cap
$3,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$293
# of Investors
24
Momentum
Funded
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Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$126,659 |
$151,324 |
|
COGS |
$56,807 |
$93,890 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-55,942 |
$-30,843 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,615 |
$13,519 |
|
Accounts Receivable |
$361 |
$173 |
|
Total Assets |
$61,894 |
$70,027 |
|
Short-Term Debt |
$12,706 |
$1,283 |
|
Long-Term Debt |
$48,335 |
$48,335 |
|
Total Liabilities |
$61,040 |
$49,617 |
Financials as of: 07/21/2022
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