Safo Hair

Early Stage

CBD-infused haircare line promoting healthy hair and scalp.

Analytics

Raised to Date: Raised: $58,250

Aggregate Commitments $

Platform

Wefunder

Start Date

07/23/2021

Close Date

01/10/2022

Min. Goal

$30,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2022

Days Remaining
Funded
% of Min. Goal

194%

% of Max. Goal

23%

Likelihood of Max
Funded
Avg. Daily Raise

$341

Momentum
Funded
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Location

Boston, Massachusetts

Industry

Beauty & Personal Care

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Safo Hair, with a $5 million valuation cap, is raising funds on Wefunder. The company is developing a CBD-infused haircare line to promote hair and scalp health. The product line of Safo Hair is clean, non-toxic, and conscious and helps to restore the health and hydration of hair and scalp. Ellana Stinson founded Safo Hair in October 2020. The current crowdfunding round has a minimum goal of $30,000 and a maximum goal of $250,000. The raise proceeds will target manufacturing costs, advertising and marketing, social media, product development, and safety testing. Safo Hair is pre-revenue with a current waitlist. The company has also won the EforAll Accelerator Pitch Competition and Level Pitch Competition.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,168

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$105

$0

Accounts Receivable

$0

$0

Total Assets

$105

$0

Short-Term Debt

$0

$0

Long-Term Debt

$4,273

$0

Total Liabilities

$4,273

$0

Financials as of: 07/23/2021
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Safo Hair on Wefunder 2021
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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