braidbabes

braidbabes

Hair braiding startup making 70K/month ♡ Help us turn it into a $100M brand ♡

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Form C
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Security Type
Convertible Note
Categories
Entertainment, Beauty & Personal Care, Fashion & Accessories, Community & Lifestyle, Service Businesses, Technology
Min Investment
$200
Location
Buffalo, NY
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
143
Security Price
$1
Website
braidbabes.com
Number of Employees
7
Cash
$48,399
Revenue
$586,675
Short Term Debt
$20,923
Cost of Goods
$325,102
Long Term Debt
$521,458
Net Income
$-407,800

Key Deal Facts

💰 $500K raised in 2021 from Launch NY, Buffalo Angels && local angels
📈 $1.5MM projected revenue in 2022 (not guaranteed)
💸 We 3Xed our revenue in 2021 && 2020
🚀 8k appts booked to date
🌏 Currently in Buffalo, NY & Nashville, TN; plan to launch 2 cities with this funding
💼 40 mobile braiders in the braidbabes family as of April 2022
💪 We are officially profitable and default alive!
⏰ Finding natural virality on TikTok and celebrating 50K followers

Management Team / Advisory Board Bios

Emmily Bowman CEO && Founder university at buffalo
mathematics

business && analytics, Tori Everett CXO && Co-founderbuffalo state
design && photography

creativity && leadership
Amount Raised : $168,486
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Security Description

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

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