LV3
Growth Stage
Luxury Men’s Grooming Line, Without the Luxury Price Tag
Overview
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
Price Per Share
$3.50
Pre-Money Valuation
$35,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/27/2024
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
2023
Industry
Beauty & Personal Care
Tech Sector
Retailtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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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