The Sill

The Sill

Growth Stage

High-quality houseplants

High-quality houseplants

Overview

Raised to Date: Raised: $235,728

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/26/2023

Close Date

01/26/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$7,302,685

Venture Capital Investors:

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/02/2023

Days Remaining

55

% of Min. Goal

471%

% of Max. Goal

19%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,518

# of Investors

487

Momentum
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Year Founded

2011

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Company Website

The Sill, with a valuation of $7.3 million, is raising funds on Wefunder. The company sells responsibly sourced and high-quality houseplants and plant care accessories. The Sill started as an online plant delivery business and has grown to eight retail locations in five states, along with online educational workshops and plant care advice. The business has shipped more than 1 million plants and generated $50 million in sales since its launch. Eliza Blank founded The Sill in November 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for team development and hiring, product development, marketing, retail development, and sales and distribution expansion.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$13,412,118

$16,493,031

COGS

$8,328,113

$10,635,360

Tax

$15,485

$19,152

 

 

Net Income

$-6,726,587

$-6,911,049

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,203,814

$3,269,453

Accounts Receivable

$0

$34,705

Total Assets

$5,627,402

$5,955,314

Short-Term Debt

$10,837,612

$5,128,221

Long-Term Debt

$4,987,770

$4,510,953

Total Liabilities

$15,825,382

$9,639,174
Financials as of: 09/26/2023
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The Sill on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,302,685
Price per Share: $1.00

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