Overt Skincare

Growth Stage

A direct to consumer skincare company. Proven market and press validation.

Analytics

Raised to Date: Raised: $21,000

Aggregate Commitments $

Platform

Wefunder

Start Date

01/18/2021

Close Date

04/15/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,500,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

42%

% of Max. Goal

8%

Likelihood of Max
Funded
Avg. Daily Raise

$241

# of Investors

18

Momentum
Funded
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Location

Lewes, Delaware

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Overt Skincare, with a valuation cap of $4.5 million, is raising funds on Wefunder. It is a direct-to-consumer skincare company that combines innovation and technology to create effective skincare. The products contain essentials that actually work at a fair and accessible price. Rory Semple and Giselle Chirinos founded Overt Skincare in 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $250,000, and the proceeds will be used towards the acceleration of B2B sales, expansion, R&D and line extension, and marketing. Overt Skincare uses its proprietary formulations and is looking to extend its product line. The company reported month-on-month revenue growth of 167%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,184

$0

COGS

$770

$0

Tax

$760

$0

 

 

Net Income

$-42,733

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$83,083

$0

Accounts Receivable

$0

$0

Total Assets

$83,083

$0

Short-Term Debt

$5,816

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,816

$0

Financials as of: 01/18/2021
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Overt Skincare on Wefunder
$
Platform: Wefunder
Security Type: SAFE
Valuation: $4,500,000

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