MTailor

Growth Stage

A master tailor in your phone

Overview

Raised to Date: Raised: $1,904,910

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/30/2022

Close Date

04/30/2023

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%

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
unlikely
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

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

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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MTailor on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $33,000,000

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