Ponto Footwear
Early Stage
The sustainable work-leisure brand
Analytics
Raised: $226,051
Aggregate Commitments $
Platform
Wefunder
Start Date
06/23/2021
Close Date
11/16/2021
Min. Goal
$60,000
Max. Goal
$250,000
Min. Investment
$250
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$7,500,000
Discount Rate
0%
Rolling Commitments $
Status
Funded
Reporting Date
11/30/2021
Days Remaining
Funded
% of Min. Goal
377%
% of Max. Goal
90%
Likelihood of Max
Funded
Avg. Daily Raise
$1,548
Momentum
Funded
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Location
Carlsbad, California
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Ponto Footwear, with a valuation cap of $7.5 million, is raising crowdfunding on Wefunder. The company makes sustainable footwear that offers the comfort of work from home and elevated aesthetics of a luxury brand. The hybridized footwear of Ponto Footwear traditions easily from work to play and everything in between. Aaron Roubitchek and Joseph Marquis founded Ponto Footwear in July 2018. The proceeds of the current crowdfunding raise, with a minimum goal of $60,000 and a maximum goal of $250,000, will be used towards sales and marketing, working capital, and general and administrative expenses. Ponto Footwear has generated over $250,000 in revenue in the first six months since the store launch. It has been featured in Forbes, Business Insider, and Harper’s Bazaar and reported a 50%-100% month-over-month growth during the last four months.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$58,658 |
$0 |
|
COGS |
$27,783 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-122,633 |
$-139,884 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$64,771 |
$994 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$208,959 |
$994 |
|
Short-Term Debt |
$11,958 |
$391 |
|
Long-Term Debt |
$406,296 |
$95,155 |
|
Total Liabilities |
$418,254 |
$95,546 |
Financials as of: 06/23/2021
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