Sweater

Sweater

Growth Stage

Democratizing Venture Capital for All

Democratizing Venture Capital for All

Overview

Raised to Date: Raised: $317,310

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/18/2024

Close Date

04/28/2024

Min. Goal
$14,981
Max. Goal
$1,086,762
Min. Investment

$178

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$35.50

Pre-Money Valuation

$48,486,788

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

13

% of Min. Goal

2,118%

% of Max. Goal

29%

Likelihood of Max
unlikely
Avg. Daily Raise

$11,333

# of Investors

270

Momentum
cold.svg
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Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Berthoud, Colorado

Business Type

High Growth

Sweater, with a valuation of $48.49 million, is raising funds on StartEngine. It is a venture capital fund that invests in various asset classes to empower the founders and companies. Sweater pools the capital of its members and invests it into emerging technology and product companies looking for growth. The company has an expertly crafted portfolio and requires a minimum investment of only $500. Sweater’s pioneer fund, Cashmere, was launched in June 2022 and has attracted 5,500 investors and deployed capital into 33 startups. Jesse Randall, Chad Lewkowski, and Matthew Klein founded Sweater in October 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for technology, sales and marketing, team, fund ops, and overhead expenses.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-6,643,111

$-2,274,270

Summary Balance Sheet

FY 2023 FY 2022

Cash

$4,664,860

$625,109

Accounts Receivable

$1,857,771

$0

Total Assets

$7,793,923

$629,680

Short-Term Debt

$722,567

$77,469

Long-Term Debt

$550,193

$0

Total Liabilities

$1,272,760

$77,469

Financials as of: 03/18/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sweater 04/28/2024 StartEngine $48,486,788 $317,310 Equity - Preferred Active RegCF
Sweater 07/30/2023 Dalmore Group - $737,721 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Sweater on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $48,486,788
Price per Share: $35.50

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