Trace Femcare

Trace Femcare

Closed: Jan. 2023

About this raise

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.

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Investment Overview

Invested this round: $332,440

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Franklin, Tennessee
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Claire Crunk
Title
CEO
Founder Name
Megan Galaske
Title
Brand Director
Founder Name
Olad Isele
Title
Strategic Product Development Director

Financials

 Revenue
$0
 Monthly Burn
$15,509
 Runway
1.4 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$450,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2023 Wefunder $7,000,000 $332,440 SAFE Funded RegCF
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Add to portfolio
Trace Femcare on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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Follow Trace Femcare on Wefunder 2022

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Warning: according to the close date for this deal, Trace Femcare may no longer be accepting investments.

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