LUUM

LUUM

Growth Stage

Stunning Lashes, Surprisingly Fast

Stunning Lashes, Surprisingly Fast

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

07/12/2022

Close Date

04/25/2023

Min. Goal
$50,001
Max. Goal
$4,290,000
Min. Investment

$990

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.10

Pre-Money Valuation

$48,037,119

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/30/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2017

Industry

Beauty & Personal Care

Tech Sector

AutomationTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Oakland, California

Business Type

Growth

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: 07/12/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LUUM 04/25/2023 Dealmaker Securities $48,037,119 $0 Equity - Common Not Funded RegCF
LUUM 03/09/2022 StartEngine $23,216,971 $699,006 Equity - Common Funded RegCF
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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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LUUM on Dealmaker Securities 2022
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $48,037,119
Price per Share: $1.10

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Follow LUUM on Dealmaker Securities 2022

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Warning: according to the close date for this deal, LUUM may no longer be accepting investments.

LUUM Deal Report

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  • Detailed price, market, team, differentiators, performance, and risk ratings
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  • Scores on the founding team and key personnel's background and expertise
  • Our deep-dive analyst report reviewing the deal's investment potential and bullish vs. bearish outlook

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