MINNA
Growth Stage
An ethically-made homewares brand collaborating with traditional artisans
Overview
Raised: $57,551
Total Commitments ($USD)
Platform
Republic
Start Date
05/11/2022
Close Date
08/14/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$606
# of Investors
108
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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: 05/11/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.