LUUM on Dealmaker Securities 2022

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Platform

Dealmaker Securities

Security Type

Equity – Common

Pre-Money Valuation

$48,037,119

Reporting Date

07/14/2022

Likelihood of Max

Momentum

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Location

Oakland, California

Industry

Beauty & Personal Care

Tech Sector

AutomationTech

LUUM, with a valuation of $48.03 million, is raising funds on Dealmaker Securities. The company has developed a patented AI-based technology that will help beauty service providers to apply lash extensions in minutes. The technology will enable three times faster application of lash extensions compared to manual application. LUUM has already partnered with a top cosmetics brand and is in the prototype phase. Lynn Heublein, Nathan Harding, Joanne Chen, and Kurt Amundson founded LUUM in June 2017. The current crowdfunding campaign has a minimum target of $50,000.50 and a maximum target of $4,290,000. The campaign proceeds will be used for research and development, development and construction of test systems, salaries, advertising, rent, utilities, and debt servicing.

Summary Profit and Loss Statement

Revenue

$3,916

$0

COGS

$87,773

$0

Tax

$0

$0

 

 

Net Income

$-3,400,805

$-2,726,024

Summary Balance Sheet

Cash

$670,810

$2,478,413

Accounts Receivable

$0

$0

Total Assets

$3,751,434

$4,871,422

Short-Term Debt

$2,500,069

$1,057,845

Long-Term Debt

$149,676

$568,004

Total Liabilities

$2,649,745

$1,625,849

Financials as of: 07/13/2022

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Raise History

LUUM 07/11/2023 Dealmaker Securities $48,037,119 $0 Equity – Common
Active
RegCF
LUUM 03/10/2022 StartEngine $23,216,971 $699,006 Equity – Common
Funded
RegCF

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