[ad_1]
Dealmaker Securities
Equity – Common
$48,037,119
07/14/2022
Oakland, California
Beauty & Personal Care
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
[ad_2]