Lucends is an e-commerce website that provides bags, clutches, pillow covers, and tote and travel cosmetic bags for consumers.
Business Model:
Revenue: $1M
Employees: 11-50
Address: 754 Newberry Ln
City: Webster
State: NY
Zip: 14580
Country: US
lucends was created 5 years ago when my first born son died after open heart surgery. I need something to keep my mind busy, having a love of color, texture and design, I taught myself how to sew. Lucends was born. Over the last 5 years my business has grown, I have gone from using other designers fabric, to creating my own designs and having them printed. These designs are exclusive to lucends. I am moving away from selling my work at art shows and into the wholesale arena. My work is currently sold in boutiques in New York, Pennsylvania and Florida. I am currently in the process of creating a children&s;s clothing line using my designs. It will be launching for pre-orders in the next two weeks. In addition, I am working with a a local handmade stationary maker and using my designs on her home office line of products. This line will be launching in the next month. Everything that I have made has gone back into the business. It has been cash in and cash out. The business does not have any debt. I am at a critical point in the life of the business that in order to continue to grow and expand I need some working capital. The retail consumer over the last few years has embraced handmade products. They want to support local independent artists, as well as products that are made in the USA. Yes my products are handmade and the designs are mine, but what draws people to my product is the story. Knowing that they are a part of my healing makes them feel connected to me and the product they are purchasing. I believe in my product. It is well made with great attention to detail., but I believe that story behind the product is what makes it stand out.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2015 | Equity Crowdfunding | - | 1/2015 | Equity Crowdfunding | - |
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