Pangea Brands

Growth Stage

100% sustainable and regenerative luxury beauty brand, from soil to skin

Overview

Raised to Date: Raised: $351,050

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/15/2023

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$16,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

34

% of Min. Goal

351%

% of Max. Goal

28%

Likelihood of Max
likely
Avg. Daily Raise

$29,254

# of Investors

22

Momentum
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Year Founded

2016

Industry

Beauty & Personal Care

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Boulder, Colorado

Business Type

Growth

Company Website

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

Most Recent Year Prior Year

Revenue

$1,858,300

$2,260,754

COGS

$774,608

$973,234

Tax

$0

$0

 

 

Net Income

$-1,519,230

$-1,047,499

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$435,727

$115,808

Accounts Receivable

$107,159

$417,608

Total Assets

$2,592,218

$1,676,467

Short-Term Debt

$5,558,998

$813,344

Long-Term Debt

$3,341,635

$5,575,277

Total Liabilities

$8,900,633

$6,388,621
Financials as of: 03/15/2023
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Pangea Brands on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $16,000,000

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