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Security Type
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Debt/Note
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Categories
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Consumer Goods & Products
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Min Investment
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$100
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Offering Date
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November 12, 2021
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Expected Close Date
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January 11, 2022
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Target Raise
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$15.00K-$25.00K
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Security Price
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$1
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Deal Notes
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Interest Rate-11.25%
Term Length-60 months
Company Description
MetaMorph Jewelry Studio is a jewelry manufacturing business, where Sarah Daigneault manages every facet of the business from product development to fabrication and sales. The company’s primary product is handcrafted metalwork jewelry, fabricated from raw materials like bronze, 925 sterling silver and 14k gold filled.
Key Deal Facts
MetaMorph Jewelry Studio is a reputable sustainable jewelry brand carried by over 200 retail locations in the US & Canada.
They received Silver status from the Sustainable Pittsburgh Audit, putting MetaMorph on the map for sustainable businesses to shop in the Greater Pittsburgh area.
Sarah takes on commissions and creates one of a kind pieces for sale on the MetaMorph website and at the storefront.
Use of Proceeds
- Place a large round of metal & jewelry supply orders to lock in lower pricing and to have the ability to fill large purchase orders with ease and not worry about funding them.
- Upgrading several areas of the workshop listed in budget proposal, so that the jewelry can be fabricated more efficiently, including the addition of more workstations.
- Replacing oxy/acetylene torch system with a hydro torch. Hydro torches are safer for the humans operating it, and the environment. Switching to a hydro torch eliminates risk of explosion if used improperly, while also eliminating C02 emissions.
- Updating fume extractors with newer, safer systems.
- Addition of casting equipment, so that we can reproduce jewelry more efficiently and consistently.
- Addition of pulse arc laser welder so that we can take on more repair jobs that require laser welding.
- Shipping & assembly station, so that we can process orders more efficiently.
Management Team / Advisory Board Bios
Sarah Daigneault, Owner
Sarah has an AS in Culinary Arts and is Le Cordon Bleu Certified, and worked as a chef for many years while pursuing other arts of interest in her free time. MetaMorph Jewelry Studio was established in 2015 after Sarah started selling her handcrafted metalwork and beaded jewelry online. After growing the business on the side of working as a chef for several years, Sarah was able to transition from working as a chef to working at her business full time in 2018.
Deal Notes
Interest Rate-11.25%
Term Length-60 months
