Revival

Growth Stage
The tech-enabled rug retailer modernizing the home decor industry
Overview
Raised: $141,365
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
36
% of Min. Goal
565%
% of Max. Goal
11%
Likelihood of Max
Avg. Daily Raise
$23,561
# of Investors
162
Momentum
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Revival, with a valuation of $33 million, is raising funds on Republic. The company is modernizing the home decor industry with its top-quality rugs. The rugs of Revival are made using high-quality craftsmanship and thoughtful design and come at affordable prices. Revival sells its rugs through a tech-enabled platform that makes shopping easy, returns convenient, and free design support. Revival has reported over $10 million in net sales, with a 70% net sales growth in 2022 and 16 times growth since 2018. Ben Hyman and Kurtulus Cumhur Korkmaz founded Revival in May 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 performance marketing, new hires, and general working capital.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$6,933,438 |
$4,135,046 |
COGS |
$3,115,905 |
$1,903,135 |
Tax |
$3,934 |
$2,219 |
| ||
| ||
Net Income |
$-926,684 |
$-674,689 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$472,319 |
$364,464 |
Accounts Receivable |
$0 |
$23,402 |
Total Assets |
$2,626,972 |
$1,596,696 |
Short-Term Debt |
$1,828,965 |
$853,303 |
Long-Term Debt |
$247,900 |
$34,375 |
Total Liabilities |
$2,076,865 |
$887,678 |
Financials as of: 03/17/2023
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