LuxyList

LuxyList

Closed: Nov. 2024

About this raise: LuxyList, with a valuation of $12 million, is raising funds on StartEngine. The company has developed a platform for fans to send gifts to their favorite content creators across the platforms. LuxyList is revolutionizing gifting in the creator economy and has processed over $2 million in gifts within two years. The platform is secure and offers unlimited gifting options catering to a thriving community of 9,000 creators and fans. Shantel Devonne Evans founded LuxyList in September 2020. The current crowdfunding campaign has a minimum target of $14,999.10 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, working capital, marketing, and operations.

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Investment Overview

Invested this round: $15,478

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
08/26/2024
Close Date
11/25/2024
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.70

Pre-Money Valuation

$11,999,997

Company & Team

Company

Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Shantel Evans
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue -62.9% YoY
$482,200
 Monthly Burn
$40,000
 Runway
7.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$482,200

$1,297,886

COGS

$555,022

$1,071,043

Tax

$0

$0

 

 

Net Income

$-497,066

$-208,084

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$175,411

Accounts Receivable

$0

$0

Total Assets

$6,000

$183,411

Short-Term Debt

$254,466

$0

Long-Term Debt

$254,465

$0

Total Liabilities

$508,931

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$173,437
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/25/2024 StartEngine $11,999,997 $15,478 Equity - Common Funded RegCF
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Add to portfolio
LuxyList on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,999,997
Price per Share: $1.70

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Follow LuxyList on StartEngine 2024

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

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