LYC Products

LYC Products

Early Stage

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

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

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/16/2020

Close Date

03/09/2021

Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,000,000

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/09/2021

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

2018

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Chicago, Illinois

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: 12/16/2020
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LYC Products on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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