SLO
Early Stage
The slow fashion revolution giving function, fit, and quality back to the masses
Overview
Raised: $293,841
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/04/2022
Close Date
09/06/2022
Min. Goal
$50,000
Max. Goal
$300,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$3,500,000
Discount
5%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,908
# of Investors
920
Momentum
Funded
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Year Founded
2022
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
SLO, with a valuation of $3.5 million, is raising funds on Wefunder. The company is leading the slow fashion revolution with its functional clothes that last. The business makes and sells functional, high-quality, sustainable, and long-lasting jeans that are made to fit all bodies irrespective of age, size, gender, or background. SLO has over 10,000 million views on Tik-Tok and has 45,000 people on its waitlist. Kristian Hansen and Elise Namnoum founded SLO in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for research and development, sourcing and manufacturing, marketing, talent acquisition and retention, and legal expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-588 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$588 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$588 |
$0 |
Financials as of: 04/04/2022
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