Simple Switch

Simple Switch

Called "Amazon with a heart" by customers, we make conscious consumption simple

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Security Type
CAFES
Categories
Minority Founder, B2B, B2C, Marketplace, Retail, Technology, Consumer Goods
Min Investment
$100
Location
Denver, CO
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$124.00K
Security Price
$1
Number of Employees
1
Cash
$10,389
Revenue
$26,541
Short Term Debt
$6,540
Cost of Goods
$19,779
Long Term Debt
$0
Net Income
$12,049

Key Deal Facts

🌱 Climate Neutral, BCorp, Woman-Owned, 3 years of social & environmental impact traction.
πŸ“ˆ B2B sales & consumer subscriptions monthly recurring revenues. Expecting to 10x in 2022.
πŸ›’ 4,000+ sustainable and ethical products from toilet paper to jewelry, constantly adding more.
πŸ’° Already had ~4 years of sales. Proof of high average order, margins, and an engaged community.
🏠 Expanding into solar powered Brick and Mortar in October (See you soon, Denver!)

Management Team / Advisory Board Bios

Rachel Kois CEO/Founder- Keynote panelist at 2022 E-Commerce Operations Summit alongside REI, Burton, H&M
- Finalist for "Outstanding Woman in Business" 2022
- So dedicated to the Simple Switch mission she got a butt tattoo of the logo. (Ask her about it.)
Amount Raised : $86,570
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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