Sash Group

Sash Group

Growth Stage

Sash is more than a product. It's a lifestyle, a community, and the future of handbags.

Sash is more than a product. It's a lifestyle, a community, and the future of handbags.

Overview

Raised this Round: Raised: $29,350

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/15/2022

Close Date

01/17/2023

Min. Goal
$5,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Year Founded

2012

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

San Diego, California

Business Type

Growth

Sash Group, with a valuation of $10 million, is raising funds on Wefunder. The company makes and sells patented sash bags with a unique, ergonomic, 10-pocket design. The sash handbags provide a better way for women to have all the things they need at their fingertips. Sash Group is backed by Ugg founder Brian Smith and has 70,000 fans creating a high demand for production. Nichole MacDonald founded Sash Group in 2012. The current crowdfunding campaign has a minimum target of $5,000 and a maximum target of $107,000. The campaign proceeds will be used for the production of sash bags, marketing, and payroll.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,492,138

$2,069,377

COGS

$1,204,428

$1,140,450

Tax

$0

$0

 

 

Net Income

$-605,427

$-123,411

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$35,047

$32,358

Accounts Receivable

$-12,213

$0

Total Assets

$796,080

$842,889

Short-Term Debt

$508,143

$901,721

Long-Term Debt

$692,485

$212,644

Total Liabilities

$1,200,628

$1,114,365

Financials as of: 09/15/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sash Group 01/16/2023 Wefunder $10,000,000 $29,350 SAFE Funded RegCF
Sash Group 08/23/2022 Wefunder $10,000,000 $517,256 SAFE Funded Test the Waters / RegCF
Sash Group 08/13/2021 Wefunder $10,000,000 $508,358 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Sash Group on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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