WeThrivv

WeThrivv

Early Stage

Science-Driven Natural Products

Science-Driven Natural Products

Overview

Raised this Round: Raised: $32,106

Total Commitments ($USD)

Platform

PicMii

Start Date

08/13/2024

Close Date

11/30/2024

Min. Goal
$9,996
Max. Goal
$4,999,997
Min. Investment

$495

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.63

Pre-Money Valuation

$15,981,741

Year Founded

2021

Industry

Beauty & Personal Care

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Doylestown, Pennsylvania

Business Type

Growth

WeThrivv, with a valuation of $15.98 million, is raising funds on PicMii. The company is focused on the discovery and commercialization of new products and technology for skin, hair, and anti-aging. WeThrivv makes natural products for skin rejuvenation and hair loss using safe ingredients backed by data from clinical studies. The flagship products of WeThrivv include hair rejuvenation serum, scalp scrub and shampoo, anti-aging peptide serum, hydrating serum, and hydrogel infusion face mask, and it sells them through its website, Amazon, medical offices, and international distributors. Sanjay Batra and Amy Batra founded WeThrivv in January 2021. The current crowdfunding campaign has a minimum target of $9,996.17 and a maximum target of $5 million. The campaign proceeds will be used for R&D, inventory, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$936,671

$496,362

COGS

$214,225

$112,669

Tax

$0

$0

 

 

Net Income

$-306,713

$-1,010,874

Summary Balance Sheet

FY 2023 FY 2022

Cash

$214,328

$285,879

Accounts Receivable

$25,049

$0

Total Assets

$407,052

$347,098

Short-Term Debt

$163,120

$82,222

Long-Term Debt

$0

$26,350

Total Liabilities

$163,120

$108,572

Financials as of: 08/13/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
WeThrivv 11/30/2024 PicMii $15,981,741 $32,106 Equity - Common Active RegCF

No prior online funding rounds.

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WeThrivv on PicMii 2024
Platform: PicMii
Security Type: Equity - Common
Valuation: $15,981,741
Price per Share: $4.63

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