Sash Group (2021)

About this raise

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.

Investment Overview

Invested this round: $508,358

Deal Terms
Company & Team

Total Commitments

Platform: Wefunder
Start Date: 04/13/2021
Close Date: 08/14/2021

Min. Goal
$250,000

Max Goal
$1,000,000

Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF

Valuation Cap

$10,000,000

Discount

10%

Company

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
Company Website: Visit Website

Team

Employees: 3
Prior Founder Exits?: No

Founder Name: Nichole MacDonald
Title: CEO

Founder Name: Elizabeth Stone
Title: Secretary

Financials

Revenue -36.7% YoY: $2,069,377
Monthly Burn: $10,284
Runway: 3.2 months
Gross Margin: 45%

View Detailed Financials

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

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Ratings

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
01/17/2023	Wefunder	$10,000,000	$29,350	SAFE	Funded	RegCF
08/24/2022	Wefunder	$10,000,000	$517,256	SAFE	Funded	Test the Waters / RegCF
08/14/2021	Wefunder	$10,000,000	$508,358	SAFE	Funded	RegCF

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Revenue
Valuation
Employees

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

Employee History

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View on Wefunder

SAFE, $10M • Closed

1 Following

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3 Invested

Deal Considerations

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Sash Group (2021)

Sash Group (2021)

About this raise