LUUM

Stunning Lashes, Surprisingly Fast

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Security Type
Non-Voting Equity
Categories
Retail
Min Investment
$251
Location
OAKLAND, CA
Offering Date
November 22, 2021
Expected Close Date
July 11, 2023
Amount Raised
$691,699
Target Raise
$50K-1
No. Investors
255
Security Price
$1.10
Valuation
$23,200,000
Number of Employees
12
Cash
$670,810
Revenue
$3,916
Short Term Debt
$2,500,069
Cost of Goods
$87,773
Long Term Debt
$149,676
Net Income
$-3,400,805

Company Description

Lash extensions are the gold standard in lash beauty but have a major downside -- they take hours to apply. LUUM’s patented A.I. technology will enable beauty-service providers to safely apply stunning extensions in minutes, changing the game for clients and the beauty industry. LUUM Lash Technology is currently in the prototype phase and not yet available to the general market.

Key Deal Facts

Eyelash extensions are amazing and addictive -- Popular globally, consumers spend appx. $1200 per year getting and maintaining them, on par with treatments like Botox yielding a global TAM of at least $20 billion.
Favorably, eyelash extensions are a non-medical, unregulated market and the stunning results make such a huge impact, their popularity spans most ages and demographics.
LUUM is already partnered with a Top 5 cosmetics brand and its largest investor is the well-known Foundation Capital.

Security Description

Non-voting stock is stock that provides the shareholder very little or no vote on corporate matters.

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