MySureFit

MySureFit

Closed: Apr. 2022

About this raise

MySureFit, with a valuation of $75 million, is raising funds on StartEngine. The company has developed its patented digital sizing technology that helps customers get virtual fitting in their phones. The technology enables users to turn their phones and computers into digital fitting rooms and see how the online products fit them. MySureFit has received validation from over 225,000 users on its online portal, with more than 6,000 customers placing over 13,000 orders. Christian Ruth founded MySureFit in May 2012. The current crowdfunding campaign has a minimum target of $9,990.33 and a maximum target of $149,993.88. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Not Funded: $114,235

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/21/2022
Close Date
04/29/2022
Min. Goal
$9,990
Max Goal
$149,994
Min. Investment

$253

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.63

Pre-Money Valuation

$75,009,595

Company & Team

Company

Year Founded
2012
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Milwaukee, Wisconsin
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Christian Ruth
Title
CEO

Financials

 Revenue -30.3% YoY
$57,257
 Monthly Burn
$370,154
 Runway
0.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$57,257

$82,168

COGS

$113,069

$282,228

Tax

$0

$0

 

 

Net Income

$-4,441,843

$-5,273,604

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$62,760

$11,559

Accounts Receivable

$0

$0

Total Assets

$58,821

$32,710

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2022 StartEngine $75,009,595 $114,235 Equity - Common Not Funded RegCF
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Add to portfolio
MySureFit on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $75,009,595
Price per Share: $12.63

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Follow MySureFit on StartEngine 2022

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Warning: according to the close date for this deal, MySureFit may no longer be accepting investments.

MySureFit Deal Report

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