Pangea Brands
Growth Stage
100% sustainable and regenerative luxury beauty brand, from soil to skin
Overview
Raised: $212,850
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/14/2023
Close Date
07/30/2023
Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$16,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/05/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,542
# of Investors
23
Momentum
Funded
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Year Founded
2016
Industry
Beauty & Personal Care
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Pangea Brands, with a valuation of $16 million, is raising funds on Wefunder. The company has created a sustainable and organic luxury beauty brand, unpolluted from soil to skin. The business uses over 40 clinically-proven bioactive ingredients to make products that deliver powerful results and are highly efficacious and nutritious. Pangea Brands has a loyal customer base and expects to reach $50 million in revenue by 2026. Joshua Onysko founded Pangea Brands in July 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,813,034 |
$1,858,300 |
|
COGS |
$1,376,262 |
$774,608 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,523,829 |
$-1,519,230 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$64,669 |
$435,727 |
|
Accounts Receivable |
$114,507 |
$107,159 |
|
Total Assets |
$2,085,319 |
$2,592,218 |
|
Short-Term Debt |
$7,094,999 |
$654,001 |
|
Long-Term Debt |
$2,822,564 |
$8,246,632 |
|
Total Liabilities |
$9,917,563 |
$8,900,633 |
Financials as of: 03/14/2023
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