Early Stage

Next generation of washcloths for kids.

Next generation of washcloths for kids.


Raised this Round: Raised: $1,069,911

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common


Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Consumer Products, Goods & Services

Tech Sector


Distribution Model




Capital Intensity



Los Angeles, California

Business Type

Life Style

SoapSox, with a pre-money valuation of $6.2 million, is raising funds on StartEngine. SoapSox is the next-generation washcloths for kids, in adorable shapes and characters. The washcloths make bathing fun for kids and easy for parents. SoapSox allows kids to feed bar or liquid soap inside a cavity and has finger-pockets for better scrubbing. SoapSox was founded by Ray Phillips in 2013 and grew extensively after its SharkTank success in 2016. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $107,000. SoapSox has a wonderful success story with $3.3 million in lifetime sales, over 686,000 customers from across the world, and partnerships and agreements with Disney and Honest Co.

Summary Profit and Loss Statement

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Summary Balance Sheet

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Financials as of: 09/19/2019
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SoapSox on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,200,000
Price per Share: $7.75

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