LUUM

Early Stage

Stunning Lashes, Surprisingly Fast

Analytics

Raised to Date: Raised: $223,719

Aggregate Commitments $

Platform

StartEngine

Start Date

11/23/2021

Close Date

02/21/2022

Min. Goal

$10,000

Max. Goal

$1,069,999

Min. Investment

$251

Security Type

Equity - Common

Funding Type

RegCF

Pre-Money Valuation

$23,216,971

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

85

% of Min. Goal

2,237%

% of Max. Goal

21%

Likelihood of Max
extremely
Avg. Daily Raise

$44,744

Momentum
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Location

Oakland, California

Industry

Beauty & Personal Care

Tech Sector

AutomationTech

LUUM, with a valuation of $23.2 million, is raising funds on StartEngine. 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 $9,999.66 and a maximum target of $1,069,999.26. The campaign proceeds will be used to launch the lash application machines and lease them to partners.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$800

$1,054

 

 

Net Income

$-3,641,348

$-2,790,676

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,478,413

$1,922,834

Accounts Receivable

$0

$0

Total Assets

$4,878,545

$4,227,273

Short-Term Debt

$613,669

$87,424

Long-Term Debt

$957,552

$750,000

Total Liabilities

$1,571,221

$837,424

Financials as of: 11/23/2021
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LUUM on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $23,216,971

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