Salone Monet

Early Stage

Shoes that match the most important part of every outfit, the wearer.

Analytics

Raised to Date: Raised: $113,043

Aggregate Commitments $

Platform

Republic

Start Date

12/21/2020

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$4,500,000

Discount Rate

15%

Rolling Commitments $

Status
Funded
Reporting Date

05/02/2021

Days Remaining
Funded
% of Min. Goal

452%

% of Max. Goal

45%

Likelihood of Max
Funded
Avg. Daily Raise

$870

Momentum
Funded
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Location

New York, New York

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Salone Monet, with a $4.5M valuation cap, is raising funds on Republic. The company has created a color inclusive nude shoe company where beauty is defined by the individual. Salone Monet founded by Salone Monet in April, 2018. The company is raising a crowdfunding round with a minimum goal of $25,000 and a maximum goal of $250,000. Salone Monet uses an exclusive production model that significantly reduces waste, alleviates the financial risk of unnecessary inventory, and gives artisans in the United States a new way to grow.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$10,307

$2,764

COGS

$18,021

$7,485

Tax

$0

$0

 

 

Net Income

$-34,964

$-22,108

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,456

$4,422

Accounts Receivable

$0

$0

Total Assets

$3,456

$4,422

Short-Term Debt

$588

$0

Long-Term Debt

$30,000

$0

Total Liabilities

$30,588

$0

Financials as of: 12/21/2020
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Salone Monet on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $4,500,000

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