theCut

Early Stage

A mobile platform modernizing the barbershop experience

Analytics

Raised to Date: Raised: $98,503

Aggregate Commitments $

Platform

Republic

Start Date

02/19/2018

Close Date

03/23/2018

Min. Goal

$50,000

Max. Goal

$350,000

Min. Investment

$50

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$4,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

04/29/2018

Days Remaining
Funded
% of Min. Goal

197%

% of Max. Goal

28%

Likelihood of Max
Funded
Avg. Daily Raise

$3,078

Momentum
Funded
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Location

Woodbridge, Virginia

Industry

Business Services, Software, & Applications

Tech Sector

Who Should Be Interested:
Are you looking for a good haircut, but don’t want to spend hours waiting in line at your favorite barbershop? Are you a barber looking for a better way to manage your business? Well then, look no further -- theCut is here, and it could be the investment for you. Their mobile platform streamlines the barbershop experience, making it fast, quick, and easy for both customers and barbers alike.

The Company:
theCut is a mobile platform that’s here to disrupt the $5M barbershop industry and modernize the barbershop experience. theCut is for both clients and barbers, and it’s an app that easy to use. Barbers simply create a profile with their services, location, hours, haircut photos, and banking information. Clients can then search the app to discover talented and trusted barbers. Once they find one they like, they can book through the app -- as well as pay, tip, and post a review. So far, theCut has over 100,000 users, including 90,000 in the past nine months, and they’re growing 27% MoM. They’ve booked over 450,000 appointments, facilitated over $9M worth of haircuts, and have barbers in 48 states, plus Puerto Rico and Canada, using the app. theCut is here to improve and change what it means to go to the barbershop -- and make sure you end up lookin’ good.

The Bottom Line:
theCut is revolutionizing the barbershop experience. After all, barbers can lose 8-10 hours a month of productivity from scheduling appointments, and customers can struggle to find a trusted barber. With theCut, that stress goes away. They’re changing the haircut industry -- one barbershop appointment at a time.
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Platform: Republic
Security Type: SAFE
Valuation: $4,000,000

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