Samreens Vanity

Samreens Vanity

Early Stage

Reliable Luxury Cosmetics For Brown Skin

Reliable Luxury Cosmetics For Brown Skin

Overview

Raised to Date: Raised: $64,251

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/08/2024

Close Date

07/26/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,500,000

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

64

% of Min. Goal

129%

% of Max. Goal

52%

Likelihood of Max
likely
Avg. Daily Raise

$1,460

Momentum
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Year Founded

2020

Industry

Beauty & Personal Care

Tech Sector

Retailtech

Location

Chicago, Illinois

Samreens Vanity, with a valuation of $5 million, is raising funds on Wefunder. The business makes reliable luxury makeup for brown skin. Samreens Vanity offers cosmetics with rich and warm hues that allow brown women to look and feel their best. The products of Samreens Vanity are made using luxurious and high-quality ingredients and are long-lasting and convenient. Samreen Arshad founded Samreens Vanity in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing spend, product development, and marketing hire.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$9,868

$0

COGS

$26,209

$0

Tax

$0

$0

 

 

Net Income

$-171,642

$-88,000

Summary Balance Sheet

FY 2023 FY 2022

Cash

$-92,092

$-84,500

Accounts Receivable

$-3,500

$-3,500

Total Assets

$-82,548

$-88,000

Short-Term Debt

$21,715

$0

Long-Term Debt

$130,000

$0

Total Liabilities

$151,715

$0

Financials as of: 04/08/2024
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Samreens Vanity on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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