The M Jewelers

The M Jewelers

Closed: Jan. 2025

About this raise

The M Jewelers, with a valuation of $5 million, is raising funds on StartEngine. It is a direct-to-consumer jewelry brand specializing in custom handcrafted gold and silver jewelry. The M Jewelers sells through its flagship stores in New York, Tokyo, and Los Angeles and its online platform, where customers can also personalize their own jewelry. The company has a rising customer base with 1.2 million Instagram followers and has partnerships with Nike and MLB. Mark Shami, Anthony Frisina, and Sam Koumi founded The M Jewelers in November 2013. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and working capital.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/28/2024
Close Date
01/13/2025
Min. Goal
$124,000
Max Goal
$1,235,000
Min. Investment

$200

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2013
Industry
Apparel & Fashion
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York,, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Mark Shami
Title
Chief Executive Officer & Director
Founder Name
Anthony Frisina
Title
President, Principal Account Officer, Director

Funding data not publicly available

Financials

 Revenue -18.2% YoY
$6,946,536
as of FY2023
 Monthly Burn
$172,776
as of FY2023
 Runway
0.4 months
as of Sep '24
 Gross Margin
67%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$6,946,536

$8,505,114

COGS

$2,301,063

$2,768,454

Tax

$0

$0

 

 

Net Income

$-2,073,313

$-2,249,580

Summary Balance Sheet

FY 2023 FY 2022

Cash

$208

$254,635

Accounts Receivable

$70,691

$62,384

Total Assets

$2,163,779

$3,226,223

Short-Term Debt

$6,057,754

$4,619,846

Long-Term Debt

$814,055

$1,333,249

Total Liabilities

$6,871,809

$5,953,095

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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
01/13/2025 StartEngine $5,000,000 $0 Equity - Common Not Funded RegCF
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Add to portfolio
The M Jewelers on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $1.00

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Follow The M Jewelers on StartEngine 2024

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Warning: according to the close date for this deal, The M Jewelers may no longer be accepting investments.

The M Jewelers Deal Report

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