SpiritHoods

Growth Stage

Animal Inspired Apparel & Goods

Analytics

Raised to Date: Raised: $83,375

Aggregate Commitments $

Platform

StartEngine

Start Date

06/08/2022

Close Date

09/06/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$200

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$2.00

Pre-Money Valuation

$15,000,000

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

73

% of Min. Goal

834%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,904

Momentum
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Location

Los Angeles, California

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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.

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

Financials as of: 06/08/2022
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SpiritHoods on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,000

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