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 to Date: Raised: $508,358

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/12/2021

Close Date

08/14/2021

Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,133

# of Investors

500

Momentum
Funded
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Year Founded

2012

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

San Diego, California

Business Type

Growth

Sash Group, with a $10 million valuation cap, is raising crowdfunding on Wefunder. The company makes and sells patented sash bags that have a unique, ergonomic, 10-pocket design. The sash handbags bring a better way for women to have all the things they need at their fingertips. Nichole MacDonald founded Sash Group in 2012. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The raise proceeds will go towards marketing, payroll, and the production of sash bags. Sash Group has already generated $14 million in revenue and has 70,000 fans creating a high demand for production.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,069,377

$3,269,528

COGS

$1,140,450

$1,537,558

Tax

$0

$0

 

 

Net Income

$-123,411

$-63,457

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$32,458

$59,059

Accounts Receivable

$99,812

$98,600

Total Assets

$842,889

$1,045,763

Short-Term Debt

$901,721

$1,103,326

Long-Term Debt

$212,644

$88,502

Total Liabilities

$1,114,365

$1,191,828

Financials as of: 04/12/2021
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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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Price per Share History

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

Valuation History

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.

Employee History

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

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