Vansanity

Vansanity

Early Stage

Cloud Med Spas - Aesthetic practitioners rent medical workspace on demand

Cloud Med Spas - Aesthetic practitioners rent medical workspace on demand

Overview

Raised to Date: Raised: $842,872

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/14/2020

Close Date

10/30/2020

Min. Goal
$250,000
Max. Goal
$1,070,000
Min. Investment

$500

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/31/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,017

# of Investors

153

Momentum
Funded
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Year Founded

2018

Industry

Real Estate & Construction

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Boston, Massachusetts

Business Type

Life Style

Vansanity, with a valuation cap of $10 million, is raising funds on Wefunder. The company functions in the aesthetic medical sector by offering cloud medical spas. Aesthetic practitioners can avoid the upfront capital expense of a facility and rent medical workspace on-demand from Vansanity. The company rents space and machines to the professionals on an hourly basis, with little or no overheads or fixed costs. Vansanity was founded by Ignacio Fanlo, Danny DeMarco, and Blake Moser in 2018 and has raised more than $1.6 million since its founding. The proceeds of the current crowdfunding round, with a minimum raise of $250,000 and a maximum raise of $1,070,000, will be used towards sales, marketing, operations, and capital equipment. Vansanity is led by an experienced team of medical recruiters, medical salespeople, medical spa owners, and entrepreneurs. The first location is already functional in Boston, and the company plans to be in over 25 locations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,377

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-283,614

$-22,659

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$269,821

$975

Accounts Receivable

$0

$0

Total Assets

$954,154

$975

Short-Term Debt

$9,945

$23,152

Long-Term Debt

$0

$0

Total Liabilities

$9,945

$23,152

Financials as of: 05/14/2020
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Vansanity on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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