Nuudii System

Nuudii System

Growth Stage

Patented, Grab-and-Go Boobwear that addresses fit, function, and fashion.

Patented, Grab-and-Go Boobwear that addresses fit, function, and fashion.

Overview

Raised to Date: Raised: $333,940

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/24/2022

Close Date

07/27/2022

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$8,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,197

# of Investors

483

Momentum
Funded
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Year Founded

2016

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Hampton Bays, New York

Business Type

Growth

Nuudii System, with a valuation of $8.5 million, is raising funds on Wefunder. It is a boobwear brand that uses innovation, technology, and patented design to create comfortable lifestyle products. Nuudii System’s boobwear is the option between bra and braless and empowers women to own their wonderfully unique shape. Nuudii System has over 60,000 customers in 40 countries, with sales of $2.8 million and margins of 78%. Annette Azan founded Nuudii System in March 2016. 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 marketing, inventory, product development, and hiring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,116,090

$695,417

COGS

$491,514

$310,851

Tax

$0

$0

 

 

Net Income

$-242,525

$-221,268

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$74,318

$112,460

Accounts Receivable

$0

$6,380

Total Assets

$261,697

$202,452

Short-Term Debt

$177,978

$110,728

Long-Term Debt

$1,355,226

$1,120,706

Total Liabilities

$1,533,204

$1,231,434

Financials as of: 02/24/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Nuudii System 07/21/2024 Wefunder $11,000,000 $79,875 Convertible Note Active RegCF
Nuudii System 07/26/2022 Wefunder $8,500,000 $333,940 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Nuudii System on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,500,000

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