SpiritHoods
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.
Investment Overview
Invested $109,575 :
Deal Terms
Company & Team
Company
- Year Founded
- 2022
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +14% YoY
- $4,728,455
- Monthly Burn
- Profitable
- Cash on Hand
- $246,812
- Gross Margin
- 63%
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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 |