Coils to Locs
Ethnically inspired wigs for medical & non-medical hair loss
Amount Raised:
$57,350
- Security Type
- CAFES
- Min Investment
- $100
- Location
-
Dorchester, MA
- Expected Close Date
- April 30, 2023
- Target Raise
- $50.00K-$250.00K
- No. Investors
- 87
- 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
🎗️ 1 in 3 Black women will be diagnosed with cancer in their lifetime
✂️ 46% of women experience medical hair loss; coily/curly wigs are impossible to find at hospitals
👩🏽🦱 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
👏🏾 We have partnerships with the top hospitals; incl. Dana Farber Cancer & Massachusetts General
💻 Currently launching D2C e-commerce site; selling directly to women with all types of hair loss
📺 Featured on the Today Show, and in the Boston Globe, Forbes, People & Elle
✂️ 46% of women experience medical hair loss; coily/curly wigs are impossible to find at hospitals
👩🏽🦱 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
👏🏾 We have partnerships with the top hospitals; incl. Dana Farber Cancer & Massachusetts General
💻 Currently launching D2C e-commerce site; selling directly to women with all types of hair loss
📺 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 “spare” time, he is a practicing attorney!
Amount Raised:
$57,350
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.