Luna Selene
Footwear
Overview
Raised: $25,119
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/18/2024
Close Date
03/14/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,047
# of Investors
45
Momentum
Funded
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Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Luna Selene is raising funds on Honeycomb. It is a small-batch footwear brand based in Pittsburgh, Pennsylvania. Luna Selene makes meticulously crafted footwear in Italy, and each style is limited to less than 100 pairs per batch. The brand is focused on high quality, elegance, and femininity and sources leathers from the Marche region of Italy to maintain its high standards. Shannon Slack founded Luna Selene in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for expanding the product line into bags, belts, and clothing and marketing.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$19,998 |
$31,684 |
|
COGS |
$7,143 |
$23,547 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-14,326 |
$-14,112 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$2,078 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$37,025 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/18/2024
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