Salone Monet
Early Stage
Shoes that match the most important part of every outfit, the wearer.
Overview
Raised: $113,043
Total Commitments ($USD)
Platform
Republic
Start Date
12/20/2020
Close Date
04/30/2021
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$4,500,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$870
# of Investors
423
Momentum
Funded
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Year Founded
2018
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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: 12/20/2020
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