Lustro (previously CrowdLustro)
Early Stage
An Equity Crowdfunding Aggregator and Research Platform
Overview
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
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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