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Jenni Earle on NetCapital 2022

Date:

Aggregate Commitments $

Platform

Netcapital

Start Date

11/11/2022

Close Date

01/10/2023

Min. Goal

$10,001

Max. Goal

$1,069,999

Min. Investment

$99

Security Type

Equity – Common

Funding Type

RegCF

Price Per Share

$1.17

Pre-Money Valuation

$7,020,000

Rolling Commitments $

Status

Active

Reporting Date

11/12/2022

Days Remaining

59

% of Min. Goal

11%

% of Max. Goal

0%

Likelihood of Max

unlikely

Avg. Daily Raise

$1,112

Momentum

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Location

Winston Salem, North Carolina

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Jenni Earle, with a valuation of $7.02 million, is raising funds on NetCapital. The company makes and sells talismans for courage and authenticity. The products of Jenni Earle, including bandanas and trophies with inspiring messages, are sold through its business-to-business wholesale program and direct-to-consumer marketplace. Jenni Earle has over 200 wholesale accounts across America and has generated $1.4 million in lifetime sales. Jenni Hopkins founded Jenni Earle in August 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used for inventory, production equipment, digital marketing, compensation for managers, hiring, and developing new products.

Summary Profit and Loss Statement

Revenue

$320,036

$441,595

COGS

$154,580

$211,840

Tax

$25

$292

 

 

Net Income

$-17,900

$24,475

Summary Balance Sheet

Cash

$19,726

$41,170

Accounts Receivable

$20,493

$3,323

Total Assets

$80,594

$84,398

Short-Term Debt

$0

$0

Long-Term Debt

$112,613

$95,287

Total Liabilities

$112,613

$95,287

Financials as of: 11/11/2022

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