Safo Hair

Safo Hair

Closed: Jan. 2022

About this raise

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.

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Investment Overview

Invested this round: $58,250

Deal Terms

Total 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

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Boston, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Ellana Stinson
Title
CEO, Founder

Financials

 Revenue
$0
 Monthly Burn
$347
 Runway
0.3 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/10/2022 Wefunder $5,000,000 $58,250 Convertible Note Funded RegCF
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Add to portfolio
Safo Hair on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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Warning: according to the close date for this deal, Safo Hair may no longer be accepting investments.

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