selfmade

selfmade

Early Stage

Leading beauty and wellness in psychodermatology

Leading beauty and wellness in psychodermatology

Overview

Raised to Date: Raised: $63,651

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/17/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$7,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/26/2023

Days Remaining

216

% of Min. Goal

127%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$896

Momentum
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Year Founded

2019

Industry

Beauty & Personal Care

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

OCCIDENTAL, California

Business Type

Growth

selfmade, with a valuation of $7 million, is raising funds on Wefunder. The company implements psychodermatology science to create everyday personal products. selfmade products aim to improve mental wellbeing by rooting science and research in everyday intimate moments and emotional wellbeing. The business integrates psychology and dermatology and works on stopping the stress cycle through emotional regulation and self-care. Stephanie Lee founded selfmade in December 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for physical and digital product build, hiring, operations, and customer care.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$59,690

$30,680

COGS

$40,386

$20,555

Tax

$0

$0

 

 

Net Income

$-799,890

$-948,872

Summary Balance Sheet

FY 2022 FY 2021

Cash

$21,627

$165,999

Accounts Receivable

$256

$0

Total Assets

$77,895

$216,722

Short-Term Debt

$116,163

$108,775

Long-Term Debt

$1,898,696

$1,290,696

Total Liabilities

$2,014,859

$1,399,471

Financials as of: 07/17/2023
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Founder Profile

Emotional Well-being Meets Skincare: Stephanie Lee's Innovative Approach with Selfmade

Selfmade integrates psychology and dermatology to improve mental wellness through emotional regulation and self-care. The team has developed skincare products that tie into routines to improve mental health, merging psychology with dermatology. We sat down with the selfmade team to discuss the concept of psychodermatology, problems plaguing the beauty industry, and more.

Read Founder Interview

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selfmade on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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