PuffCuff

Early Stage

A hair clamp for curly, or textured hair that will not cause pain or hair damage

Analytics

Raised to Date: Raised: $171,774

Aggregate Commitments $

Platform

Republic

Start Date

07/31/2020

Close Date

12/31/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

15%

Rolling Commitments $

Status
Funded
Reporting Date

01/03/2021

Days Remaining
Funded
% of Min. Goal

687%

% of Max. Goal

16%

Likelihood of Max
Funded
Avg. Daily Raise

$1,123

# of Investors

806

Momentum
Funded
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Location

Marietta, Georgia

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

PuffCuff, with a $5 million valuation cap, is raising crowdfunding on Republic. The company makes a styling tool for thick, curly, or textured hair. The hair clamp of PuffCuff does not cause pain or damage to the curly and textured hair. It is easy to use, durable, and headache-free. PuffCuff was founded in Ceata E. Lash in August 2013. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to add staff, expand brand presence and sales worldwide, and expand the product line. PuffCuff is triple patented and has over 100,000 customers to date. The company has reported a 75% compounded growth rate since 2014.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,997,203

$829,896

COGS

$555,069

$235,622

Tax

$0

$0

 

 

Net Income

$186,478

$126,621

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$26,349

$35,134

Accounts Receivable

$186,376

$19,246

Total Assets

$352,153

$130,262

Short-Term Debt

$321,665

$102,788

Long-Term Debt

$55,250

$0

Total Liabilities

$376,915

$102,788

Financials as of: 07/31/2020
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PuffCuff on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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