Spinster Sisters

Growth Stage

Apothecary skincare for the modern age wrapped up in a badass, sustainable brand

Analytics

Raised to Date: 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

Business Type

Growth

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Spinster Sisters 04/28/2022 Wefunder $5,700,000 $125,187 SAFE Funded RegCF
Spinster Sisters 09/02/2021 Republic $5,500,000 $159,731 SAFE Funded RegCF
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Spinster Sisters on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $5,700,000
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