LYC Products

Early Stage

We connect people and companies to wellness activities, services and products.

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

12/17/2020

Close Date

03/10/2021

Min. Goal

$100,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $

Status
Not Funded
Reporting Date

03/10/2021

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

Chicago, Illinois

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

LYC Products, with a $5 million valuation cap, is raising funds on Wefunder. The company is building a community platform for people to create wellness awareness and connect with like-minded individuals. The platform helps companies in improving the wellness of their stakeholders, lowing costs, and supporting their social responsibility programs. Anthony Ferguson founded LYC Products in 2018 and has raised over $160,000 since its inception. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $500,000, and the funds will be used for marketing, salaries, app development, and rent and platform maintenance cost. LYC Products is led by a highly experienced team and expects to generate revenues through multiple streams.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-186,814

$-8,133

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,161

$2,000

Accounts Receivable

$0

$0

Total Assets

$206,861

$20,000

Short-Term Debt

$3,518

$0

Long-Term Debt

$150,000

$0

Total Liabilities

$153,518

$0

Financials as of: 12/17/2020
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LYC Products on Wefunder
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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