About this raise
Rancho Relaxo is raising funds on MainVest. It is a department store in Rancho Mirage, California that sells wares related to the desert. The store celebrates the mystery and beauty of deserts and has a deep connection to the Coachella Valley. Rancho Relaxo supports the creation of objects that are functional, beautiful, and sustainable and empowers craftsmen and artisans. Stella Adena founded Rancho Relaxo in November 2019. 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 location buildout, fixtures and equipment, and operating capital.
Investment Overview
Invested : $75,800
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 08/25/2022
- Close Date
- 10/28/2022
$50,000
$250,000
$100
Revenue Share
Quarterly
RegCF
1.50X
3.06%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Retail Shops & Department Stores
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +811% YoY
- $254,686
- Monthly Burn
- $12,207
-
Runway
- 2.3 months
- Gross Margin
- 33%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No