- 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.