Spinster Sisters
Apothecary skincare for the modern age wrapped up in a badass, sustainable brand
Analytics
Raised: $125,187
Aggregate Commitments $
Platform
Wefunder
Start Date
01/07/2022
Close Date
04/28/2022
Min. Goal
$50,000
Max. Goal
$375,999
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Series
Pre-Seed
Valuation Cap
$5,700,000
Discount Rate
20%
Rolling Commitments $
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
250%
% of Max. Goal
33%
Likelihood of Max
Funded
Avg. Daily Raise
$1,128
Momentum
Funded
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Location
Golden, Colorado
Industry
Beauty & Personal Care
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Spinster Sisters, with a valuation of $5.7 million, is raising funds on Wefunder. The company makes clean skincare products using high-quality and sustainable ingredients. The products, including soaps, lotions, aromatherapy, and personal care products, are cruelty-free, toxin-free, organic, and effective. Spinster Sisters generated a revenue of $1.3 million and a year-over-year growth of 48% during the pandemic and expects to reach $5.8 million in 2023. Kelly Perkins founded Spinster Sisters in July 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $375,999. The campaign proceeds will be used for direct-to-consumer marketing, wholesale expansion, equipment lease, trade spend, and operating capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,315,279 |
$883,272 |
|
COGS |
$661,527 |
$269,695 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-191,274 |
$-10,403 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$42,180 |
$2,242 |
|
Accounts Receivable |
$21,839 |
$7,744 |
|
Total Assets |
$280,222 |
$252,752 |
|
Short-Term Debt |
$212,155 |
$317,954 |
|
Long-Term Debt |
$471,744 |
$272,011 |
|
Total Liabilities |
$683,899 |
$589,965 |
Financials as of: 01/07/2022
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