Petal

Early Stage

Refillable, Natural, Zero-Waste Hand Soap Subscription

Analytics

Raised to Date: Raised: $227,530

Aggregate Commitments $

Platform

Wefunder

Start Date

11/12/2021

Close Date

03/17/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

102

% of Min. Goal

455%

% of Max. Goal

21%

Likelihood of Max
likely
Avg. Daily Raise

$9,893

Momentum
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Location

Madisonville, Louisiana

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Petal, with a valuation of $5 million, is raising funds on Wefunder. The company offers a zero-waste hand soap subscription that sells reusable aluminum bottles and soap pods refills. The hand soap of Petal is non-toxic, vegan, cruelty-free, made of natural ingredients, and suitable for all skin types. Petal has an award-winning product and packaging design and has brand collaborations with Corey Wilson and Wyland Foundation. Jason Domangue founded Petal in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, customer acquisition, community building, R&D, operations, and logistics.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$14,382

$0

COGS

$1,301

$0

Tax

$0

$0

 

 

Net Income

$-229,920

$-4,209

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$53,241

$0

Accounts Receivable

$0

$0

Total Assets

$172,241

$0

Short-Term Debt

$15,141

$4,209

Long-Term Debt

$225,000

$0

Total Liabilities

$240,141

$4,209

Financials as of: 11/12/2021
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Petal on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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