MINNA

Growth Stage

An ethically-made homewares brand collaborating with traditional artisans

Analytics

Raised to Date: Raised: $57,651

Aggregate Commitments $

Platform

Republic

Start Date

05/12/2022

Close Date

08/15/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

15%

Rolling Commitments $

Status
Funded
Reporting Date

08/17/2022

Days Remaining
Funded
% of Min. Goal

231%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$607

Momentum
Funded
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Location

Hudson, New York

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

MINNA, with a valuation of $5 million, is raising funds on Republic. It is a homewares brand that makes sustainable and handmade products in collaboration with traditional artisans. The goods of MINNA are ethically-made and socially responsible and made by master artisans in Peru, Guatemala, Mexico, Uruguay, and Bolivia. MINNA has been featured in Goop, Design Milk, and Vogue and generated $1.5 million in revenue in 2021. Sara Berks founded MINNA in December 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for new hires, marketing, product development, artisan initiatives, and brick-and-mortar expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,511,195

$1,209,731

COGS

$688,671

$544,183

Tax

$0

$1,000

 

 

Net Income

$-94,212

$68,494

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$101,931

$225,721

Accounts Receivable

$46,919

$42,909

Total Assets

$457,916

$561,290

Short-Term Debt

$241,114

$256,633

Long-Term Debt

$248,571

$193,557

Total Liabilities

$489,685

$450,190

Financials as of: 05/12/2022
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MINNA on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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