LOZURI
About this raise: LOZURI, with a valuation of $12.5 million, is raising funds on StartEngine. It is an AI-powered luxury designer marketplace. LOZURI aggregates luxury designer products from boutiques across Europe and uses AI to provide a personalized and efficient shopping experience. The platform works on an efficient zero-inventory model and has generated $3 million in gross sales within its first year and a half of operation. George Widdick, Kanishka Wijayasiri, and Diego Martinez Perez founded LOZURI in September 2022. The current crowdfunding campaign has a minimum and maximum target of $124,000. The campaign proceeds will be used for marketing, company employment, operations, research and development, inventory, and working capital.
Investment Overview
Committed : $17,142
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 12/17/2024
- Close Date
- 03/18/2025
$124,000
$124,000
$125
Equity - Common
Seed
RegCF
$12.50
$12,500,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $1,277,906
- Monthly Burn
- $16,421
-
Runway
- 6.1 months
- Gross Margin
- 23%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $100,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/18/2025 | StartEngine | $12,500,000 | $17,142 | Equity - Common | Active | RegCF |