Data / Crowdfunding / Colorado / Sweater Inc
Sweater Inc: crowdfunding raise on StartEngine Capital, LLC, $14,981 to $1,086,761 (2024)
Sweater Inc, a corporation in Boulder, CO, filed a Form C with the SEC on August 30, 2024 to raise $14,981 to $1,086,761 in Series Seed II Preferred through StartEngine Capital, LLC. The offering closed on November 4, 2024. In its most recent fiscal year it reported $308,098 in revenue and a net loss of $5,607,945, with 31 employees.
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- Website
- www.sweaterventures.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 2000 CENTRAL AVE STE 100, Boulder, CO 80301
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 28, 2019
- SEC CIK
- 0001860541
Offering terms
From the amendment filed August 30, 2024.
- Security
- Series Seed II Preferred
- Price
- $35.50
- Target
- $14,981
- Maximum
- $1,086,761
- Deadline
- November 4, 2024
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed December 5, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $308,098 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-5,607,945 | $-6,643,111 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $4,119,272 | $7,793,923 | sec.gov |
| Cash | $701,556 | $4,665,860 | sec.gov |
| Accounts receivable | $2,524,230 | $1,857,771 | sec.gov |
| Short-term debt | $559,110 | $722,567 | sec.gov |
| Long-term debt | $183,799 | $550,193 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 5, 2024 | Progress update | $14,981 | $1,086,761 | November 4, 2024 | At the close of the offering, the issuer closed on $539,669.28 and 15,647 number of securities. | sec.gov |
| August 30, 2024 | Amendment | $14,981 | $1,086,761 | November 4, 2024 | Issuer is extending their campaign end date to November 4th, 2024. | sec.gov |
| June 28, 2024 | Amendment | $14,981 | $1,086,761 | September 3, 2024 | Issuer is extending their campaign end date to September 3rd, 2024 and updating their campaign page. | sec.gov |
| April 25, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 25, 2024 | Amendment | $14,981 | $1,086,761 | July 1, 2024 | Issuer is extending campaign end date to July 1st, 2024 and updating the financial statements the most recent fiscal year. | sec.gov |
| March 19, 2024 | Offering | $14,981 | $1,086,761 | April 29, 2024 | sec.gov | |
| February 21, 2024 | Progress update | $25,000 | $5,000,000 | April 30, 2024 | The SPV sold approximately $935,562.77 in membership interests in a SAFE note | sec.gov |
| May 2, 2023 | Amendment | $25,000 | $5,000,000 | April 30, 2024 | Uploading the financials for Sweater Inc Community SPV1 LLC. | sec.gov |
| May 2, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Amendment | $25,000 | $5,000,000 | April 30, 2024 | Extending the offering to April 30, 2024 and uploading 2022 financials | sec.gov |
| March 31, 2023 | Amendment | $25,000 | $5,000,000 | April 30, 2023 | Extending the offering date to April 30th 2023. | sec.gov |
| January 13, 2023 | Offering | $25,000 | $5,000,000 | March 31, 2023 | sec.gov |
Updated December 5, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.