Maternova

Maternova

Early Stage

Maker of an innovative fashion line that protects from Zika and other viruses

Maker of an innovative fashion line that protects from Zika and other viruses

Overview

Raised to Date: Raised: $104,976

Platform

Republic

Start Date

07/18/2016

Close Date

12/19/2016

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

$20

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

10%

Year Founded

2009

Industry

Apparel & Fashion

Tech Sector

FashionTech

Location

Providence, Rhode Island

Maternova, with a valuation of $4 million, is raising funds on Republic. The company makes stylish apparel that protects from Zika and other viruses. Maternova clothing line, NovaVeil, is made using an innovative fabric with nanotechnology that repels the mosquitoes that carry viruses. The NovaVeil line is stylish, comfortable, and affordable and includes maternity dresses, cardigans, scarves, and leggings. Meg Wirth and Allyson Cote founded Maternova in May 2009. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, manufacturing, research and development, future wages, general working capital, and contracts and licenses.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$169,268

$130,231

COGS

$94,897

$70,588

Tax

$500

$500

 

 

Net Income

$-50,654

$-35,506

Summary Balance Sheet

FY 2015 FY 2014

Cash

$16,351

$8,399

Accounts Receivable

$4,727

$6,051

Total Assets

$47,264

$44,509

Short-Term Debt

$100,645

$80,364

Long-Term Debt

$0

$0

Total Liabilities

$100,645

$80,364

Financials as of: 07/18/2016
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Maternova on Republic 2016
Platform: Republic
Security Type: SAFE
Valuation: $4,000,000

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