Vaute

Vaute

Early Stage

Fashion

Fashion

Overview

Raised this Round: Raised: $341,406

Platform

Wefunder

Start Date

06/12/2017

Close Date

11/02/2017

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

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

0%

Year Founded

2017

Industry

Apparel & Fashion

Tech Sector

FashionTech

Location

New York, New York

Vaute, with a valuation of $6 million, is raising funds on Wefunder. It is a growing fashion house that develops new textiles and outerwear. Vaute textiles are developed with innovative scalable textile mills around the world and are used to make outerwear and sweater styles with contracted sewing factories in America and Canada. The Vaute garments are completely vegan and made using organic and recycled fibers. Leanne Mai-ly Hilgart founded Vaute in May 2017. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for production, marketing, branding, website redesign and launch, loan refinancing, and hiring.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$858,293

$679,025

COGS

$398,742

$360,913

Tax

$0

$0

 

 

Net Income

$-676,746

$-382,964

Summary Balance Sheet

FY 2016 FY 2015

Cash

$5,684

$481

Accounts Receivable

$16,875

$8,136

Total Assets

$448,357

$233,343

Short-Term Debt

$433,098

$114,239

Long-Term Debt

$1,536,274

$644,513

Total Liabilities

$1,969,372

$758,752

Financials as of: 06/12/2017
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Vaute on Wefunder 2017
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,000,000

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