Revival

The tech-enabled rug retailer modernizing the home decor industry

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Form C
View on Republic
Security Type
Crowd SAFE
Min Investment
$100
Location
BERKELEY, CA
Offering Date
August 09, 2022
Expected Close Date
April 28, 2023
Target Raise
$25.00K-$1.24M
No. Investors
162
Security Price
$1
Website
revivalrugs.com
Number of Employees
35
Cash
$472,319
Revenue
$6,933,438
Short Term Debt
$1,828,965
Cost of Goods
$3,115,905
Long Term Debt
$247,900
Net Income
$-926,684

Key Deal Facts

Top quality rugs at a fraction of traditional prices
Disrupting the $17B area rugs market with tech-enabled shopping experience
Experienced 16x growth since Q1 2018
On track to achieve $10m+ net sales in 2022*
Customers love us: 3,000+ 5-star reviews, 4.8 star rating, and a 75 NPS
Doing good for the planet: 30,000+ rugs restored and kept out of landfills

Perks

Reserve
$500
Receive
Revival towel set

Reserve
$1,000
Receive
10% off for one year

Reserve
$10,000
Receive
15% off for three years

Reserve
$20,000
Receive
20% off for 10 years

Reserve
$30,000
Receive
30% off for 15 years

Management Team / Advisory Board Bios

Benjamin Hyman
Cofounder & CEO

Kurt Korkmaz
Cofounder & COO

Aycan Sencer
Regional Director, Turkey & Morocco

Lauren Matthews
Creative Director

Christina Tullock
Design Director, Rugs & Textiles

Priya Varaprath
Director of Operations

Salma Debora
GM, Morocco

Navtej Virk
Senior Merchandiser

Merve Akin
Finance Director

Prateek Mehta
Senior Manager, Operations

Ege Yurdagul
Senior Manager, Strategy & Planning

Matt Gee
Senior Manager, Affiliate

Begum Azak
Senior Manager, Performance Marketing

Eric Gonzales
Advisor and MD @ Montage Capital

Michael Bretholz
Advisor and Investor
Amount Raised : $141,365
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Business Idea
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Business Traction
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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
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The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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