PYNRS
Early Stage
Performance Running Apparel Brand
Overview
Raised: $750
Total Commitments ($USD)
Platform
Seed At The Table
Start Date
03/17/2024
Close Date
06/30/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
53
% of Min. Goal
2%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$15
# 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
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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