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Security Type
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CAFES
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Categories
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Other, Retail, Consumer Goods & Products, Community & Lifestyle, Fashion & Accessories
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Min Investment
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$250
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Location
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Philadelphia, PA
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Expected Close Date
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April 30, 2025
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Target Raise
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$50.00K-$1.24M
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No. Investors
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447
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Security Price
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$1
- Number of Employees
- 6
- Cash
- $255,277
- Revenue
- $2,847,535
- Short Term Debt
- $235,296
- Cost of Goods
- $1,377,092
- Long Term Debt
- $256,049
- Net Income
- $-503,433
Key Deal Facts
Lifetime sales exceed $8 million across 60,000 customers
$100,000 investment from Emma Grede, CEO of Good American and Founding Partner of SKIMS
Featured on Season 13 of Shark Tank
Pharrell Williams' Black Ambition Prize Winner
Won $225,000 in non-dilutive grants
200,000 email/sms subscribers + 500,000 followers across social media
2024 Forbes 30 Under 30 Lister under Retail + E-commerce
Only 4 years in business selling solely on our website
Management Team / Advisory Board Bios
Philomina Kane Founder & CEOPrinceton University Graduate
Appeared on Shark Tank & got a deal with Emma Grede
185,000 Youtuber Subscribers
Forbes 30 Under 30 Lister
Won $225,000 in grants for KIN Apparel
Pharrell Williams' Black Ambition Prize Winner, Alyssa GhilardiDirector of Operations and Strategy8+ Years of Logistics and Management Experience, Valerie SaintilProduction Manager25+ Years of Production & Merchandising Experience, Lucas ViningChief Financial OfficerFormer Venture Backed Founder
DC Innovation 25 Under 25
Winner of 2021 New England Innovation Awards
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
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.