SpiritHoods

SpiritHoods

Closed: Dec. 2022

About this raise

SpiritHoods, with a valuation of $15 million, is raising funds on StartEngine. The company makes bold animal-inspired apparel and home goods. The products of SpiritHoods challenge fashion norms and give people exciting new choices to add to their personal style. All the products are made using fake faux fur and contribute to supporting endangered animal species. SpiritHoods has a loyal customer base of over 225,000 and has generated $36 million in lifetime revenues. Latif Chase Hamilton and Marley Marotta founded SpiritHoods in March 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to add more products, partners, customers, and revenue streams.

Expand

Investment Overview

Invested this round: $109,575

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/08/2022
Close Date
12/07/2022
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$200

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$15,000,000

Company & Team

Company

Year Founded
2022
Industry
Apparel & Fashion
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Los Angeles, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
Yes
Founder Name
Marley Marotta
Title
Marketing Director, Secretary of the Board, Board Director
Founder Name
Latif Hamilton
Title
CEO/Designer, Director, President, Treasurer, Princepal Accounting Officer

Financials

 Revenue +14% YoY
$4,728,455
 Monthly Burn
Profitable
 Cash on Hand
$246,812
Gross Margin
63%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,728,455

$4,134,466

COGS

$1,747,142

$1,586,789

Tax

$0

$7,068

 

 

Net Income

$41,189

$124,209

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$246,812

$87,861

Accounts Receivable

$0

$0

Total Assets

$1,909,635

$1,448,145

Short-Term Debt

$1,785,189

$1,054,539

Long-Term Debt

$224,500

$279,500

Total Liabilities

$2,009,689

$1,334,039

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/07/2022 StartEngine $15,000,000 $109,575 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
SpiritHoods on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $2.00

Follow company

Follow SpiritHoods on StartEngine 2022

Buy SpiritHoods's Deal Report

Warning: according to the close date for this deal, SpiritHoods may no longer be accepting investments.

SpiritHoods Deal Report

Get Kingscrowd's comprehensive report on SpiritHoods including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether SpiritHoods is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the SpiritHoods deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge