PuffCuff

PuffCuff

Early Stage

Alternative to elastic bands: headache-free, damage-free, and drama-free clips for curly hair

Alternative to elastic bands: headache-free, damage-free, and drama-free clips for curly hair

Overview

Raised to Date: Raised: $85,440

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/07/2024

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/04/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,069

# of Investors

105

Momentum
Funded
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Year Founded

2013

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Marietta, Georgia

Business Type

Growth

PuffCuff, with a valuation of $7 million, is raising funds on Wefunder. The company makes a styling tool for thick, curly, or textured hair. PuffCuff’s hair clamp does not cause pain or damage to the curly and textured hair and is easy to use, durable, and headache-free. The company has over 188,000 D2C customers, has sold more than 760,000 units, and sells through Sally Beauty, TJ Maxx, Marshall’s, Amazon, Target, Macy’s, and FAIRE. Ceata E. Lash founded PuffCuff in August 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for new hires, product development, marketing, retail expansion, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$689,868

$1,522,537

COGS

$381,844

$505,571

Tax

$0

$0

 

 

Net Income

$-1,240,740

$-170,257

Summary Balance Sheet

FY 2023 FY 2022

Cash

$178,691

$12,866

Accounts Receivable

$6,775

$93,489

Total Assets

$1,366,482

$723,864

Short-Term Debt

$170,453

$140,259

Long-Term Debt

$2,788,542

$834,253

Total Liabilities

$2,958,995

$974,512

Financials as of: 04/07/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PuffCuff 04/28/2024 Wefunder $7,000,000 $85,440 SAFE Funded RegCF
PuffCuff 12/30/2020 Republic $5,000,000 $171,774 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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PuffCuff on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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