Trace Femcare
Early Stage
First farm-to-body tampon with hemp fiber - leading innovation for period care
Overview
Raised: $332,440
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/31/2022
Close Date
01/31/2023
Min. Goal
$50,000
Max. Goal
$550,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$7,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/05/2023
Days Remaining
Funded
% of Min. Goal
665%
% of Max. Goal
60%
Likelihood of Max
Funded
Avg. Daily Raise
$3,613
# of Investors
105
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Trace Femcare, with a valuation of $7 million, is raising funds on Wefunder. The company makes farm-to-body tampons using hemp fiber. The tampons of Trace Femcare are innovating period care and made using hemp fiber and Climate Beneficial cotton. Trace Femcare products are toxin-free, biodegradable, and traceable to the farm level for the whole truth. Claire Crunk, Megan Galaske, and Olaf Isele founded Trace Femcare in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $550,000. The campaign proceeds will be used for inventory, research and development, regulatory filings, marketing, and general and administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-186,112 |
$-7,566 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,626 |
$2,434 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$21,626 |
$2,434 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$170,000 |
$0 |
|
Total Liabilities |
$170,000 |
$0 |
Financials as of: 10/31/2022
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