Aggregate Commitments $
Republic
02/18/2021
04/30/2021
$25,000
$1,070,000
$100
SAFE
RegCF
Seed
$6,000,000
0%
Rolling Commitments $
Active
04/25/2021
2
888%
21%
$3,365
284
Salt Lake City, Utah
Beauty & Personal Care
Non-Tech
B2B/B2C
Medium
High
Growth
Aether Beauty, with a valuation cap of $6 million, is raising funds on Republic. The company is disrupting the beauty industry with its clean and sustainable makeup that works. The products of Aether Beauty are bridging the gap between clean ingredients and effective performance. Tiila Abbitt founded Aether Beauty in February 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used to grow the business, launch new products, diversify sales channels, build out an influencer program, and launch sampling. Aether Beauty has sold over 80,000 units and generated more than $2 million in net sales since launch.
Summary Profit and Loss Statement
|
Revenue |
$1,087,246 |
$178,945 |
|
COGS |
$684,672 |
$64,219 |
|
Tax |
$0 |
$214 |
|
|
||
|
|
||
|
Net Income |
$-2,238 |
$11,561 |
Summary Balance Sheet
|
Cash |
$85,153 |
$79,992 |
|
Accounts Receivable |
$286,866 |
$29,425 |
|
Total Assets |
$739,986 |
$153,431 |
|
Short-Term Debt |
$599,613 |
$10,820 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$699,613 |
$10,820 |
