Aggregate Commitments $
Republic
03/09/2021
04/30/2021
$25,000
$1,070,000
$100
SAFE
RegCF
Series A
$15,000,000
0%
Rolling Commitments $
Active
04/25/2021
3
444%
10%
$2,360
359
Fairfield, Connecticut
Beauty & Personal Care
Non-Tech
B2B/B2C
Low
High
Growth
Myro, with a $15 million valuation cap, is raising funds on Republic. The company makes refillable plant-powered body care products that are environment-friendly. It has started with deodorants and has invested in R&D to create long-lasting, non-toxic, clean, and refillable deodorants. Georgiy Laptevsky founded Myro in 2017 and has raised over $10 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to develop and launch new products, including refillable body wash and body mist. Myro has booked over $8 million in revenue in two years, along with eliminating 16.5 tons of plastic waste.
Summary Profit and Loss Statement
|
Revenue |
$6,574,050 |
$199,134 |
|
COGS |
$7,313,707 |
$263,000 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-7,006,338 |
$-1,790,849 |
Summary Balance Sheet
|
Cash |
$4,063,340 |
$183,745 |
|
Accounts Receivable |
$294,098 |
$0 |
|
Total Assets |
$4,063,340 |
$462,407 |
|
Short-Term Debt |
$1,538,571 |
$30,000 |
|
Long-Term Debt |
$1,748,700 |
$0 |
|
Total Liabilities |
$3,287,271 |
$30,000 |
