LUUM
Stunning Lashes, Surprisingly Fast
Overview
Year Founded
2017
Industry
Beauty & Personal Care
Tech Sector
AutomationTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
LUUM, with a valuation of $48.03 million, is raising funds on Dealmaker Securities. The company has developed a patented AI-based technology that will help beauty service providers to apply lash extensions in minutes. The technology will enable three times faster application of lash extensions compared to manual application. LUUM has already partnered with a top cosmetics brand and is in the prototype phase. Lynn Heublein, Nathan Harding, Joanne Chen, and Kurt Amundson founded LUUM in June 2017. The current crowdfunding campaign has a minimum target of $50,000.50 and a maximum target of $4,290,000. The campaign proceeds will be used for research and development, development and construction of test systems, salaries, advertising, rent, utilities, and debt servicing.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$3,916 |
$0 |
COGS |
$87,773 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-3,400,805 |
$-2,726,024 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$670,810 |
$2,478,413 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$3,751,434 |
$4,871,422 |
Short-Term Debt |
$2,500,069 |
$1,057,845 |
Long-Term Debt |
$149,676 |
$568,004 |
Total Liabilities |
$2,649,745 |
$1,625,849 |
Financials as of: 07/13/2022
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LUUM’s disruptive robotic lash extension technology is far more efficient than traditional lash extension services. But being a first mover isn’t always an advantage.
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