Olly Awake

Early Stage

We are on the forefront of inclusivity through Gender Equal Apparel.

Analytics

Raised to Date: Raised: $32,050

Aggregate Commitments $

Platform

Wefunder

Start Date

11/20/2020

Close Date

04/30/2021

Min. Goal

$20,000

Max. Goal

$250,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$1,500,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/02/2021

Days Remaining
Funded
% of Min. Goal

160%

% of Max. Goal

13%

Likelihood of Max
Funded
Avg. Daily Raise

$199

Momentum
Funded
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Location

Columbus, Ohio

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Olly Awake, with a valuation cap of $1.5 million, is raising funds on Wefunder. It is an open-minded and empowered company focused on Gender Equal Apparel. The clothes of Olly Awake come in shapes rather than sizes and promote mutual respect and empowerment. Olly Awake was founded by Kevin Terry Smith in 2016. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $250,000, and the funds will be used for marketing, cost of goods, sampling, event expenses, and admin expenses. Olly Awake has a following of thousands of loyal and excited cheerleaders. It aims to redesign apparel and break the barriers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,116

$2,316

COGS

$2,520

$13,314

Tax

$0

$0

 

 

Net Income

$69

$-14,489

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$227

$345

Accounts Receivable

$0

$0

Total Assets

$227

$345

Short-Term Debt

$3,333

$3,333

Long-Term Debt

$894

$4,228

Total Liabilities

$4,228

$7,561

Financials as of: 11/20/2020
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Olly Awake on Wefunder
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $1,500,000

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