Oscar

Oscar

[Closed for Investment] Oscar, with a valuation cap of $5 million, is raising crowdfunding on Wefunder. The company makes and sells razors and natural shave preparations for men and women. Oscar has been the highest-rated razor in Australia, and Oscar 2.0 has been launched as the company’s America-made razor. Oscar de Vries founded Oscar in November 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for website development, inventory, overheads, and marketing. Oscar works as a direct-to-customer subscription business selling its razors and the complementary range of natural shave preparations.

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Investment Overview

Raised this Round: Raised: $57,400

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/02/2021
Close Date
04/30/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,000,000

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Santa Monica, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Oscar De Vries
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$44
 Runway
0.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-525

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$25

$0

Accounts Receivable

$0

$0

Total Assets

$25

$0

Short-Term Debt

$470

$0

Long-Term Debt

$0

$0

Total Liabilities

$470

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 Wefunder $5,000,000 $57,400 SAFE Funded RegCF
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Add to portfolio
Oscar on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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Follow Oscar on Wefunder

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

Oscar Deal Report

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