MTailor

Growth Stage
A master tailor in your phone
Overview
Raised: $1,904,910
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/28/2023
Days Remaining
33
% of Min. Goal
3,810%
% of Max. Goal
38%
Likelihood of Max
Avg. Daily Raise
$10,642
# of Investors
1,245
Momentum
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Year Founded
2012
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
MTailor, with a valuation of $30 million, is raising funds on Wefunder. The company has developed an app that helps in 3D scanning, visualization, and sizing for clothes through mobile phones. The app, MeasureUp, uses AI and advanced software algorithms to scan measurement features of customers, create an identical digital clone of their body, and see how the clothing they are buying will fit accurately. MTailor is a profitable e-commerce business with over $5 million in annual revenue. Miles Penn founded MTailor in September 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for technology R&D, sales and marketing, and operational expenses.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$5,108,248 |
$7,007,907 |
COGS |
$2,276,418 |
$2,667,132 |
Tax |
$3,531 |
$21 |
| ||
| ||
Net Income |
$-51,784 |
$-698,482 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$565,782 |
$553,932 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$1,219,617 |
$1,234,214 |
Short-Term Debt |
$534,588 |
$415,877 |
Long-Term Debt |
$299,900 |
$378,418 |
Total Liabilities |
$834,488 |
$794,295 |
Financials as of: 09/30/2022
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