SpiritHoods

SpiritHoods

Growth Stage

Animal Inspired Apparel & Goods

Animal Inspired Apparel & Goods

Overview

Raised this Round: Raised: $109,575

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/07/2022

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

Year Founded

2022

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Los Angeles, California

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: 06/07/2022
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SpiritHoods on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $2.00

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