PYNRS

PYNRS

Early Stage

Performance Running Apparel Brand

Performance Running Apparel Brand

Overview

Raised to Date: Raised: $750

Total Commitments ($USD)

Platform

Seed At The Table

Start Date

03/17/2024

Close Date

06/29/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,500,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

75

% of Min. Goal

2%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$26

# of Investors

2

Momentum
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Year Founded

2020

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Boston, Massachusetts

Business Type

Growth

PYNRS, with a valuation of $3.5 million, is raising funds on Seed At The Table. It is a streetwear-inspired performance running apparel brand championing community and diversity in the sport of running. PYNRS is not just making clothes but crafting culture, shattering stereotypes, and creating connections. The company uses high-quality fabrics that are buttery-soft and high-performing and move with the body to better support multiple body types. Sidney Baptista founded PYNRS in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, research and development, manufacturing, future wages, and fulfillment.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$98,023

$64,096

COGS

$113,349

$66,807

Tax

$6,468

$456

 

 

Net Income

$-230,106

$-62,954

Summary Balance Sheet

FY 2022 FY 2021

Cash

$108,988

$121,833

Accounts Receivable

$0

$0

Total Assets

$128,457

$142,800

Short-Term Debt

$72,562

$6,120

Long-Term Debt

$10,000

$10,000

Total Liabilities

$82,562

$16,120

Financials as of: 03/17/2024
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PYNRS on Seed At The Table 2024
Platform: Seed At The Table
Security Type: SAFE
Valuation: $3,500,000

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