Mi Ola
About this raise
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.
Investment Overview
Invested : $77,400
Deal Terms
- Platform
- StartEngine
- Start Date
- 04/21/2017
- Close Date
- 01/26/2018
$10,000
$100,000
$200
SAFE
Early Stage
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2012
- Industry
- Apparel & Fashion
- Tech Sector
- Location
- Breezy Point, New York
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2016
- Monthly Burn
-
$27,579
as of FY2016
-
Runway
-
0.9 months
as of FY2016
- Gross Margin
-
47%
as of FY2016
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/26/2018 | StartEngine | $10,000,000 | $77,400 | SAFE | Funded | RegCF |