Lustro (previously CrowdLustro)

Early Stage

An Equity Crowdfunding Aggregator and Research Platform

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/23/2023

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$300

Security Type

Convertible Note

Funding Type

RegCF

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Location

Charleston, South Carolina

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Lustro, with a valuation of $5 million, is raising funds on Wefunder. The company has developed a platform that serves as an integrator for Reg CF, collectibles, and alternative investments. The platform is focused on diligence and allows investors to research all Reg CF offerings, non-fungible token offerings, real estate offerings, and collectible offerings. Lustro is led by an experienced team and has also acquired So.Capital with its 230,000 followers and 25,000 monthly platform visitors. Michael Knox founded Lustro in November 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and app development, professional fees, marketing, debt services, and selling and administrative fees.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-119,412

$-3,249

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$44,284

$8,677

Accounts Receivable

$0

$0

Total Assets

$295,285

$50,000

Short-Term Debt

$193,944

$3,249

Long-Term Debt

$224,000

$50,000

Total Liabilities

$417,944

$53,249

Financials as of: 01/23/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Lustro (previously CrowdLustro) 04/30/2023 Wefunder $5,000,000 $0 Convertible Note Active RegCF
CrowdLustro 12/23/2021 Wefunder $4,000,000 $92,563 Convertible Note Not Funded RegCF
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Lustro on Wefunder 2023
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000
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