Melanin Haircare

Melanin Haircare

Growth Stage

Award-winning, natural haircare brand

Award-winning, natural haircare brand

Overview

Raised this Round: Raised: $454,027

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/02/2024

Close Date

10/31/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$24,000,000

Discount

0%

Year Founded

2015

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Location

Framingham, Massachusetts

Melanin Haircare, with a valuation of $24 million, is raising funds on Wefunder. It is a natural haircare brand that contains natural ingredients for hair strengthening and growth. Melanin Haircare features ingredients like argan oil, black cumin, sage, banana, Vitamin E, and pumpkin and does not contain harmful chemicals like benzene, formaldehyde, or sodium lauryl sulfate. The company has generated $23.5 million in lifetime revenue and expects to reach $8 million in revenue in 2024. Whitney White and Taffeta White founded Melanin Haircare in October 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for manufacturing, R&D, marketing, and payroll.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$4,883,874

$3,953,819

COGS

$4,194,496

$4,108,008

Tax

$648

$4,970

 

 

Net Income

$-3,155,606

$-3,738,847

Summary Balance Sheet

FY 2023 FY 2022

Cash

$8,918

$109,344

Accounts Receivable

$146,496

$100,380

Total Assets

$1,987,114

$2,749,958

Short-Term Debt

$1,530,382

$454,742

Long-Term Debt

$164,032

$224,102

Total Liabilities

$1,694,414

$678,844

Financials as of: 06/02/2024
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Melanin Haircare on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $24,000,000

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