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Security Type
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Non-Voting Equity
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Categories
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Consumer Goods & Products
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Min Investment
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$297
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Offering Date
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October 19, 2022
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Expected Close Date
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February 16, 2023
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Target Raise
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$10.00K-$1.23M
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No. Investors
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64
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Security Price
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$3.38
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Valuation
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$30,044,441
- Number of Employees
- 6
- Cash
- $416,131
- Revenue
- $2,512,892
- Short Term Debt
- $2,681,453
- Cost of Goods
- $1,180,280
- Long Term Debt
- $500,000
- Net Income
- $-775,094
Company Description
Loftie is a wellness company using creative solutions and stylish, innovative products to help people rest, relax, and recharge. We embrace mindful technology, thoughtful design, and a joyful approach to wellness to create products and services that substantially improve sleep for our customers. We have been in-market with our Loftie Clock since 2020, and we just launched our newest product, the Loftie Lamp, in August of this year. This fall, we are planning on launching our subscription-based audio content.
Perks
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$297+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Early Riser
Invest within the first 48 hours and receive 15% bonus shares.
1
days
11
hours
26
mins
41
secs
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$500+ Investment
$500+ | Lavender
Access to the Loftie Owners Club:
Private Slack Channel with Loftie team
Access to special discounts, promotions, and early product releases
Public acknowledgement of investment in Loftie Newsletter
Loftie swag bag with tote, hat, and shirt
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$1,000+ Investment
$1,000+ | Chamomile
All level 1 perks PLUS:
Invite to Owners Club Zoom call with the team
$200 product credit
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$2,500+ Investment
$2,500+ | Milk and Honey
All level 2 perks PLUS:
5% Bonus Shares
Total product credit of $300
Private phone call with Founder
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$5,000+ Investment
$5,000+ | Valerian
All level 3 perks PLUS:
8% Bonus Shares
Total product credit of $400
Invite to private Loftie office tour and cocktail hour in NYC, with soundbath session
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$10,000+ Investment
$10,000+ | Melatonin
All level 4 perks PLUS:
10% Bonus Shares
Total product credit of $500
Work with our team to personally select a new soundscape to be added to the Loftie content library
Key Deal Facts
Direct to Consumer sleep leader: At Loftie, we aim to become the go-to sleep brand for the modern consumer. We designed our products, including our Loftie Clock, Loftie Lamp, and app, to work together magically, creating a seamless wind-down and wake-up, to fix sleep, not just track it.
The market is huge: The Frost & Sullivan Assessment forecasted the Global Sleep Economy to be $432 billion in 2019, growing at a CAGR of 6.3%, with expectations to reach $585 billion by 2024 (Source).
Top tastemakers love it: We have won multiple design awards, and our Loftie Clock has been a Wirecutter pick for two years in a row (Source). While the majority of sales are DTC, Loftie can also be found at high-end retailers, including the MoMA Design Store, goop, and Saks Fifth Avenue.
Management Team / Advisory Board Bios
Lindsay Tyrpien
Chief Creative Officer
Lindsay is a creative executive with 10 years of experience in the design industry. Past experience includes IDEO, Christie’s, and Ralph Lauren.
Lauren Suiter
Chief Product Officer
Lauren has a BA from Brown University and a MFA in Transdisciplinary Design from Parsons School of Design. She spent three years at the Center for NYC Neighborhoods, a homeownership nonprofit, in the communications department. Lauren specialized their MFA in human centered design and product development.