SouveNEAR
SouveNEAR
About this raise
SouveNEAR, the seller of locally-made souvenirs with a valuation cap of $5 million, is raising funds on WeFunder. The company sells artistic souvenirs through vending machines at airports and tourist venues. As a result, travelers get to find unique souvenirs and local artisans get a large audience. SouveNEAR was founded by Tiffany King and Suzanne Southard in 2014 and has already raised $268,250 in previous rounds since its founding. The current crowdfunding round has a goal of $50,000. SouveNEAR reported 18,900 customer purchases in 2018 alone and revenue growth of 400% from 2015 to 2018. The company has been featured in Time, NBC News, and USA Today, and has been accepted into Goldman Sachs 10,000 Small Businesses Program for Fall 2019.
Investment Overview
Invested : $60,510
Financials
-
Revenue
-
$0
as of FY18
-
Cash on Hand
-
$28.8K
as of FY18
- Gross Margin
-
43%
as of FY18
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/21/2019 | Wefunder | $5,000,000 | $60,510 | SAFE | Funded | RegCF |