SÁfo Hair

SÁfo Hair

CBD-Infused Hair Care

Print
View on Wefunder
Security Type
Convertible Note
Categories
Retail
Min Investment
$100
Location
Boston, MA
Offering Date
August 19, 2021
Expected Close Date
April 30, 2022
Target Raise
$30.00K-$250.00K
Security Price
$1

Company Description

Safo Hair is a clean, non-toxic hair product line infused with CBD for the conscious consumer seeking to restore health and hydration to their hair and scalp. Its products are uniquely formulated to address issues of dry hair, hair thinning, and breakage among African American women. Currently, Safo Hair is a direct-to-consumer distribution model and looking to expand into a secondary distribution market focused on building a sales pipeline through independent saloons. The funds will go to manufacturing cost, marketing, and advertisement along with continued product development and safety/stability testing. 

Key Deal Facts

Clean, non-toxic hair care line with products infused with CBD to promote healthy hair and scalp.
Winner of EforAll Accelerator Pitch Competition and Level Pitch Competition.
The founder holds a role as Emergency Medical Physician and graduated from Spelman College.
Pre-revenue with a current waitlist.

Use of Proceeds

  • ($30,000) first quarter: 45% manufacturing costs, 10% advertisement/marketing, 10% social media, 30% product development and safety testing, 5% Wefunder fees
  • ($250,000) 25% advertisement/marketing/public relations, 22% customer service and sales hire, 20% manufacturing costs,  15% product development and safety testing, 10% legal fees, 5% Wefunder fees, 3% social media,

Management Team / Advisory Board Bios

Ellana Stinson, CEO + Founder
10+ years of experience providing medical care and medical expertise to improve quality of care for underserved communities, including global communities. I have a sincere interest in leveraging my counseling expertise to aid and improve healthcare.
Amount Raised : $0
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
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
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment