Salone Monet

Salone Monet

Closed: Apr. 2021

About this raise

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.

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Investment Overview

Invested this round: $113,043

Deal Terms

Total 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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,500,000

Discount

15%

Company & Team

Company

Year Founded
2018
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Salone Monet
Title
Founder and Creative Director

Financials

 Revenue +273% YoY
$10,307
 Monthly Burn
$2,914
 Runway
1.2 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 Republic $4,500,000 $113,043 SAFE Funded RegCF
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Salone Monet on Republic
Platform: Republic
Security Type: SAFE
Valuation: $4,500,000

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