Suncliff

Suncliff

Open  for investment

About this raise: Suncliff, with a valuation of $30 million, is raising funds on Wefunder. The company makes products and formulas designed to improve core experiences, from sleep to social events. Suncliff’s innovative line of experience products includes CBD pillows, terpene gems, and CBD pills. The CBD pillows of Suncliff launched in hundreds of retail stores nationwide, leading the company to a record Q1 with over $500,000 in sales and beat those numbers in Q2. Jacob George founded Suncliff in July 1998. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for advertising, social marketing, promotions, operating expenses, packaging, inventory, supplies, audit and corporate expansion, and reserves.

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Investment Overview

Committed this round: $53,420

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
07/15/2024
Close Date
01/31/2025
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$22,500,000

Valuation Cap

$30,000,000

Discount

10%

Company & Team

Company

Year Founded
1998
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Location
Tacoma, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jacob George
Title
CEO

Financials

as of May 1, 2024
 Revenue +14% YoY
$514,369
 Monthly Burn
$84,954
 Runway
0.3 months
Gross Margin
88%

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$514,369

$451,298

COGS

$63,951

$171,195

Tax

$0

$0

 

 

Net Income

$-1,019,449

$-282,810

Summary Balance Sheet

FY 2024 FY 2023

Cash

$58,486

$40,468

Accounts Receivable

$3,544

$759,676

Total Assets

$872,696

$1,514,433

Short-Term Debt

$298,843

$291,365

Long-Term Debt

$511,080

$395,797

Total Liabilities

$809,923

$687,162

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,994,421
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2025 Wefunder $30,000,000 $53,420 SAFE Active RegCF
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Add to portfolio
Suncliff on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $30,000,000

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