Olive Tree People

Olive Tree People

Closed: Sep. 2022

About this raise

Olive Tree People is raising funds independently through Reg A+ crowdfunding. The company is revolutionizing the beauty products industry with its unique skincare products and cosmetics. The products of Olive Tree People are unique as they use 100% organic bioactive beauty elixir instead of water. Olive Tree People has generated $22.1 million in revenue from 2016 to 2020, with a 35% revenue growth in 2020 alone. Thomas Lommel founded Olive Tree People in 2016. The current crowdfunding campaign has no minimum target and a maximum target of $15,000,000. The campaign proceeds will be used for product development, marketing and promotion, new store locations, and general and administrative expenses.

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Investment Overview

Invested this round: $67,000

Deal Terms

Total Commitments

Platform
Republic
Start Date
07/28/2021
Close Date
Not Provided
Min. Goal
$750
Max Goal
$15,000,000
Min. Investment

$750

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$80,000,000

Company & Team

Company

Year Founded
2015
Industry
Beauty & Personal Care
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Santa Monica, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Thomas Lommel
Title
CEO

Financials

 Revenue +35% YoY
$7,150,708
 Monthly Burn
$112,891
 Runway
6.6 months

Balance Sheet

Cash and Cash Equivalents

$750,340

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$319,103

Loans

$0

Property, Plant and Equipment (PP&E)

$2,247,236

Property and Equipment

$0

Total Assets

$3,548,749

Accounts Payable & Accrued Liabilities

$4,335,640

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$4,335,640

Total Stockholders' Equity

$-786,891

Total Liabilities and Equity

$3,548,749

Statement of Comprehensive Income Information

Total Revenues

$7,150,708

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$7,021,393

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-1,354,697

Earnings Per Share - Basic

$-1.35

Earnings Per Share - Diluted

$-1.35

Auditor: INDIGOSPIRE CPA GROUP LLC
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2022 Republic $80,000,000 $67,000 Equity - Common Funded RegA+
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Olive Tree People on Self-Managed 2021
Platform: Republic
Security Type: Equity - Common
Valuation: $80,000,000
Price per Share: $1.25

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

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