LV3

LV3

Growth Stage

Luxury Men’s Grooming Line, Without the Luxury Price Tag

Luxury Men’s Grooming Line, Without the Luxury Price Tag

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/13/2023

Close Date

02/13/2024

Min. Goal
$14,998
Max. Goal
$1,235,000
Min. Investment

$298

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.50

Pre-Money Valuation

$35,000,000

Year Founded

2023

Industry

Beauty & Personal Care

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Park Forest, Illinois

Business Type

Growth

LV3, with a valuation of $35 million, is raising funds on StartEngine. It is a luxury men’s grooming line that makes haircare and grooming products for men. LV3’s product line, L3VEL3, includes products for haircare, beard care, professional tools, and skincare. The company has expanded its products to 30 countries and expects to expand to all 2,400 Sally Beauty locations in the first quarter of 2024. Tareq Nouri, Jay Nouri, and Ammar Nouri founded LV3 in September 2023. The current crowdfunding campaign has a minimum target of $14,997.50 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$9,384,593

$7,714,566

COGS

$4,535,182

$4,113,610

Tax

$0

$0

 

 

Net Income

$-468,796

$-681,741

Summary Balance Sheet

FY 2022 FY 2021

Cash

$277,491

$337,713

Accounts Receivable

$736,515

$311,023

Total Assets

$8,516,027

$6,520,017

Short-Term Debt

$1,592,834

$1,768,251

Long-Term Debt

$3,594,809

$3,971,714

Total Liabilities

$5,187,643

$5,739,965

Financials as of: 11/13/2023
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LV3 on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $35,000,000
Price per Share: $3.50

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Follow LV3 on StartEngine 2023

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