Loveseat.com on Wefunder

Online Vintage Furniture Auction

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visit:
Loveseat.com Website

minimum raise

$50,000

maximum raise

$1,070,000

start date

05/28/2019

stop date

09/19/2019

security type

SAFE

investment minimum

$100

raised to date

$51,618

reporting date

08/18/2019

number of investors

67

percent of minimum raised

103%

percent of maximum raised

5%

likelihood of reaching max

Likely to Reach Max

dollars per day to reach max

$36,371

dollars per day committed

$629

dollars per day - category-

$1,431

dollars per day committed - all companies

$1,109
Crowditz Momentum

days remaining

28
More SEC Filing Data on Loveseat.com from Crowdfilings.com

Loveseat, an online marketplace for vintage furniture auction, is raising funds on WeFunder. The company has a valuation cap of $8 million and helps sellers to liquidate their used furniture quickly and efficiently. The Loveseat team takes professional pictures of the furniture, measures them, lists them online, and manages the bidding process. Loveseat collects fees from both the buyers and the sellers. Loveseat was founded by Chris Stanchak and Jenny Stanchak in 2015 and has already raised more than $2 million since its founding. The current crowdfunding round has a target of $50,000, and the proceeds will be used to scale up operations in San Diego and Los Angeles and to open up a new market in Orange County. Loveseat sells more than 500 pieces of furniture every day, with 61% of the bidders repeating monthly.