Mi Ola

Mi Ola

Early Stage

Premium Swimsuits

Premium Swimsuits

Overview

Raised this Round: Raised: $77,400

Platform

StartEngine

Start Date

04/20/2017

Close Date

01/26/2018

Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment

$200

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Year Founded

2012

Industry

Apparel & Fashion

Tech Sector

FashionTech

Location

Breezy Point, New York

Mi Ola, with a valuation of $10 million, is raising funds on StartEngine. It is a premium line of chic performance swimwear that combines high function with high quality. Mi Ola swimsuits look good and are engineered to stay on the body with their chlorine-resistant Lycra with sun protection. The company sources its fabric from Italy and China and sells the swimsuits through its own website. Helena Fogarty founded Mi Ola in January 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for R&D, production, marketing, and working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$117,921

$87,645

COGS

$62,854

$53,143

Tax

$0

$0

 

 

Net Income

$-330,953

$-281,712

Summary Balance Sheet

FY 2016 FY 2015

Cash

$24,882

$30,210

Accounts Receivable

$0

$0

Total Assets

$71,147

$75,180

Short-Term Debt

$1,842

$14,498

Long-Term Debt

$431,039

$342,567

Total Liabilities

$432,881

$357,065

Financials as of: 04/20/2017
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Mi Ola on StartEngine 2018
Platform: StartEngine
Security Type: SAFE
Valuation: $10,000,000

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Warning: according to the close date for this deal, Mi Ola may no longer be accepting investments.

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