Revival

Growth Stage

The tech-enabled rug retailer modernizing the home decor industry

Overview

Raised to Date: Raised: $141,365

Total Commitments ($USD)

Platform

Republic

Start Date

03/17/2023

Close Date

04/28/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$33,000,000

Discount

0%

Venture Capital Investors:

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

36

% of Min. Goal

565%

% of Max. Goal

11%

Likelihood of Max
possible
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

Location

Berkeley, California

Business Type

Growth

Company Website

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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Revival on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $33,000,000

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