Safo Hair
Early Stage
CBD-infused haircare line promoting healthy hair and scalp.
Overview
Raised: $58,250
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/22/2021
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
Valuation Cap
$5,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$341
# of Investors
43
Momentum
Funded
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Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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: 07/22/2021
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