Pure Culture Beauty
Early Stage
Tech-enabled personalized skincare
Overview
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
Valuation Cap
$7,500,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$838
# of Investors
38
Momentum
Funded
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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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