Coils to Locs

Coils to Locs

Ethnically inspired wigs for medical & non-medical hair loss

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Security Type
CAFES
Categories
Retail, Financial Services, Consumer Goods & Products, Healthcare & Medical
Min Investment
$100
Location
Dorchester, MA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$250.00K
No. Investors
114
Security Price
$1
Website
coilstolocs.com
Number of Employees
2
Cash
$60,675
Revenue
$29,364
Short Term Debt
$0
Cost of Goods
$11,863
Long Term Debt
$15,000
Net Income
$39,146

Key Deal Facts

πŸŽ—οΈ 1 in 3 Black women will be diagnosed with cancer in their lifetime
βœ‚οΈ 46% of women experience medical hair loss; coily/curly wigs are impossible to find at hospitals
πŸ‘©πŸ½β€πŸ¦± Black women outspend other demographics on haircare & beauty by MORE THAN 85%
🌎 That is a $2.3B market for wigs/extensions in America, and growing to $4B+ over the next 4 years
✊🏿 Founders have lived this problem first hand + have worked within the health system for 20+ years
πŸ‘πŸΎ We have partnerships with the top hospitals; incl. Dana Farber Cancer & Massachusetts General
πŸ’» Currently launching D2C e-commerce site; selling directly to women with all types of hair loss
πŸ“Ί Featured on the Today Show, and in the Boston Globe, Forbes, People & Elle

Management Team / Advisory Board Bios

Dianne Shaddock Austin CEO and Co-FounderCancer survivor and serial entrepreneur with expertise as a natural hair and black culture blogger. BS in Mass Communications, Emerson College., Pamela Shaddock COO and Co-FounderWorked in the health-related events space, putting on Avon Breast Cancer Walks and similar fundraising events. In 2020, I slowed my burgeoning career as a supporting actress to commit myself to building CTL full time. Adelphi Alumnus., Cheryl McCloud Chief Engagement OfficerCheryl has professional expertise in communications and community engagement leverages a career working in Communications, Public Relations and Marketing for small businesses, corporations, not-for-profits, healthcare, and government., Howard Chan Web Development & Website ManagementHoward is a multi talented professional who provides technical and high level administrative support to Coils to Locs. In his β€œspare” time, he is a practicing attorney!
Amount Raised : $63,605
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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