Pure Culture Beauty

Pure Culture Beauty

Early Stage

Tech-enabled personalized skincare

Tech-enabled personalized skincare

Overview

Raised this Round: Raised: $49,422

Total Commitments ($USD)

Platform

Republic

Start Date

05/18/2023

Close Date

07/17/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$200

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,500,000

Discount

15%

Year Founded

2017

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

SAN FRANCISCO, California

Business Type

Growth

Pure Culture Beauty, with a valuation of $7.5 million, is raising funds on Republic. The company provides a proprietary skin analysis using cutting-edge technology and 1M+ data points to formulate a custom skincare to the end user. Their clean standards have also banned 2,700+ toxic ingredients from their line. Since launching their online store in 2021, revenue has increased 6X, with new customer growth continuing to accelerate. Joy Chen and Victor Casale founded Pure Culture Beauty in 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for market expansion, product innovation, affiliates, and PR.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$249,921

$40,908

COGS

$121,825

$31,707

Tax

$0

$0

 

 

Net Income

$-1,073,780

$-997,397

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$215,545

$422,418

Accounts Receivable

$13,733

$0

Total Assets

$1,308,339

$1,092,914

Short-Term Debt

$1,725,496

$1,470,658

Long-Term Debt

$0

$0

Total Liabilities

$1,725,496

$1,470,658

Financials as of: 05/18/2023
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Pure Culture Beauty on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $7,500,000

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