MTailor

MTailor

Growth Stage

A master tailor in your phone

A master tailor in your phone

Overview

Raised this Round: Raised: $2,144,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/29/2022

Close Date

09/30/2023

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$27,000,000

Valuation Cap

$33,000,000

Discount

0%

Year Founded

2012

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

High Growth

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

FY 2022 FY 2021

Revenue

$4,487,782

$5,106,805

COGS

$1,870,069

$1,980,937

Tax

$3,531

$21

 

 

Net Income

$-811,724

$49,188

Summary Balance Sheet

FY 2022 FY 2021

Cash

$772,500

$428,908

Accounts Receivable

$0

$0

Total Assets

$1,828,056

$1,401,626

Short-Term Debt

$1,259,140

$571,864

Long-Term Debt

$1,328,422

$526,628

Total Liabilities

$2,587,562

$1,098,492

Financials as of: 09/29/2022
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MTailor on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $33,000,000

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