Lustro (previously CrowdLustro)

Lustro (previously CrowdLustro)

Early Stage

An Equity Crowdfunding Aggregator and Research Platform

An Equity Crowdfunding Aggregator and Research Platform

Overview

Raised this Round: Raised: $222,685

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/22/2023

Close Date

04/30/2023

Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment

$300

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,750,000

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2020

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Charleston, South Carolina

Business Type

Growth

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

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-119,412

$-3,249

Summary Balance Sheet

FY 2021 FY 2020

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: 01/22/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Lustro (previously CrowdLustro) 04/29/2023 Wefunder $5,000,000 $222,685 Convertible Note Funded RegCF
CrowdLustro 12/22/2021 Wefunder $4,000,000 $92,563 Convertible Note Not Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Lustro on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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