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LIPS

Operating

Lips Co.

Software & AI · Founded 2019

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Instagram alternative built for women, the LGBTQ+ community, & their fans

Valuation cap ⓘ
$3.5M
As of Nov 2021 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$105,656
Crowd $94K · Private $12K · 3 rounds since 2019

Financials

FY2019–FY2024 (no data for FY2021, FY2022) · from SEC filings · hover any figure for its source
$0
−$4K
2019
$0
$18K
2020
2021no data
2022no data
$0
−$35K
2023
$140
−$160K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$0
$0
$0
$140
Cost of goods sold
$0
$0
$30
$348
Gross margin
—
—
—
-148%
Net income
-$3,578
$18,164
-$35,453
-$160,407
Taxes paid
$249
$968
$0
$9,996
Balance sheet
Cash
$447
$461
$11,444
$60,948
Accounts receivable
$0
$0
$0
$0
Total assets
$447
$33,351
$131,056
$204,855
Short-term debt
$2,425
$7,165
$102,873
$128,205
Long-term debt
$0
$10,000
$177,005
$392,005
Total liabilities
$2,425
$17,165
$279,878
$520,210
Other
Headcount
—
3
—
1

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$3.5M
Valuation cap
Reg CF · Note · Jul 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Jul 2021Closedvia WeFunder
Raised $94.1K / $250KInvestors 149Valuation cap $3.5M
Section 4(a)(2) · SAFE · Feb 2020Closed
Raised $10K

Team

1 person
Annie Brown
CEO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 5 annual reports (FY2021–FY2025)

149 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARFeb 17, 20260001875066-26-000001
    EDGAR
  • Form CJul 28, 20210001670254-21-000873
    EDGAR
Source: ManualCIK 0001875066

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.