Olly Awake
Early Stage
We are on the forefront of inclusivity through Gender Equal Apparel.
Overview
Raised: $32,050
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/19/2020
Close Date
04/30/2021
Min. Goal
$20,000
Max. Goal
$250,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$1,125,000
Valuation Cap
$1,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$199
# of Investors
43
Momentum
Funded
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Year Founded
2016
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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: 11/19/2020
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