SLO

SLO

Early Stage

Reinventing Denim - Made to Order in 500 sizes, Personalized, Sustainable, and built to last

Reinventing Denim - Made to Order in 500 sizes, Personalized, Sustainable, and built to last

Overview

Raised this Round: Raised: $89,441

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/23/2024

Close Date

10/31/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,500,000

Valuation Cap

$10,000,000

Discount

5%

Year Founded

2022

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Location

Dover, Delaware

Business Type

Life Style

SLO, with a valuation of $10 million, is raising funds on Wefunder. The company is leading the slow fashion revolution with its functional clothes that last. SLO 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. The business has generated $1.1 million in sales in the first 14 months and will be able to produce its made-to-order jeans within 14 days by 2025. Kristian Hansen and Abhimukth Chaudhuri founded SLO in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for hiring, expansion of manufacturing, advertising and marketing, tech platform development, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$528,969

$348,391

COGS

$409,684

$160,354

Tax

$731

$0

 

 

Net Income

$-226,886

$-100,659

Summary Balance Sheet

FY 2023 FY 2022

Cash

$48,083

$48,744

Accounts Receivable

$8,563

$189,453

Total Assets

$56,646

$238,197

Short-Term Debt

$58,421

$13,158

Long-Term Debt

$300,697

$318,328

Total Liabilities

$359,118

$331,486

Financials as of: 06/23/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SLO 10/30/2024 Wefunder $10,000,000 $89,441 SAFE Active RegCF
SLO 09/05/2022 Wefunder $3,500,000 $293,841 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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SLO on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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