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MINNA’s deadline was August 16, 2022

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Logo of MINNA

MINNA

An ethically-made homewares brand collaborating with traditional artisans
LGBTQIA+ Founders Women Founders Household Goods B2C
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$57,551
Raised
108
Investors
Successfully funded and closed on August 16, 2022.
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Closed on August 16, 2022. Information may not be up-to-date. Campaign closed on August 16, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by MINNA Goods LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
MINNA Crowd SAFE Minna Form C.pdf
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Hear from some of the 108 people reserved or invested in MINNA


Show more

Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
Bootstrapped
High traction without any outside capital
  • Impact-driven company with B-Corp certification
  • $1.5M+ revenue in 2021 (up 3X from 2017, 1.5X from 2019)
  • Sales driven by design, production story, quality, & brand integrity/ethos
  • Featured in Dwell, Goop, Vogue, Martha Stewart, Design Milk, & more

Problem


Your home should be a reflection of your values

Sustainability and ethical labor practices have already become top of mind in the fashion and food industries, and we believe the home goods market will soon be no different. If you care about if your food is organic and your clothing is made fairly, shouldn't you also care about how the pillow you lounge on every day or the napkins you set the table with are made?

Solution


An ethically made homewares brand

creating scalable handmade textile products in collaboration with master artisans in Mexico, Peru, Guatemala, Uruguay, and Bolivia.

MINNA creates ethically made, socially responsible goods rooted in traditional craft techniques for every room in your home. We believe that contemporary design should not sacrifice social responsibility. A certified B Corporation based in Upstate New York, we are a tight-knit, queer-led team.

Product


Artisan made with
a singular design vision

MINNA was started by a designer, and we approach the design process from a technical understanding of textiles. We have a vast knowledge of traditional and Indigenous textile techniques throughout Latin America. Combining our contemporary aesthetic with these traditional techniques, MINNA offers a completely exclusive product to the market.


Every room in your home


We offer over 400 SKUs for the bedroom, bath, kitchen, dining, and living room, ranging from rugs, pillows, blankets, bedding, kitchen textiles, tabletop textiles, and more.

Want to try MINNA in your home? Use the code REPUBLIC for 20% off your first order.

Traction


Organic growth

Since our launch in 2015, MINNA has grown organically by bootstrapping, without any outside investment. We have scaled steadily by reinvesting back into the business and dedicating ourselves to building sustainable relationships with our artisan partners. 


We're omnichannel


We have a multi-channel sales approach that sets us apart from many of our D2C only contemporaries.


A customized wholesale experience

In 2020 we moved away from the traditional wholesale model. Instead, we’ve maintained key partnerships with top wholesale accounts, by offering co-branded exclusive products and completely customized collections.

A growing e-commerce market

With little marketing spend we've been able to attract a loyal and returning customer base.


Hospitality and residential trade partners

We've already been tapped by some of the most exclusive hospitality and residential designers in the world, offering both our inline catalog as well as bespoke offerings.

Brick & mortar

We opened our first storefront in 2017 in our hometown of Hudson, NY. We’ve established ourselves as expert curators, bringing additional like-minded brands to our brick-and-mortar and e-commerce experiences. Our shop attracts locals, tourists, and designers, alike.

Customers


Our customers are
already loyal

We asked our customers how they would describe MINNA to their best friend: 

Why do customers shop at MINNA?

Highlighted Press


Business model


We believe in building relationships and the power of true collaboration

Our collaborators are our strongest asset. We work with a network of 400 artisans across 20 cooperatives in Mexico, Guatemala, Uruguay, Bolivia, and Peru.  

A decentralized & diversified supply chain
In each region, we have a centralized logistics team facilitating everything from material acquisition, to production updates, to product consolidation, before shipping to our warehouse in Upstate New York, where we distribute to all of our sales channels. We've replicated this working model in each region we work in.

—

Scalable handmade
Our case for scalability? We're already doing it.

  • We place frequent, consistent targeted orders which allows us a manageable cash flow and a paced way to grow artisan capacity.
  • Between 2017-2019 we averaged a 177% increase in unit production.
  • We partner with NGOs and local social enterprises that are skilled at building artisan capacity and connection.

We mean business


We already have a strong AOV and low customer acquisition costs. By growing our most profitable channels, we'll see our blended gross margin reach above 60%.

A look into our five-year projections by sales channel:

Market


The global artisan market generates an estimated $616 billion a year

Sustainability and ethical labor practices have already become top of mind in the fashion industry, and we believe the home goods market will be no different.  

Competition


We're different

The home decor industry is vast, ranging from independent designers to mass-manufactured behemoths. We're committed to building a transparent supply chain, creating an equitable eco-system of artisan partners, all with a clear design point-of-view. These are the questions we ask ourselves when considering our place in the market:

  • Is the aesthetic unique and contemporary, or safe and mainstream?
  • Is the design exclusive, or only a curation of designs that can be found anywhere?
  • Is it handmade and scalable, or is it mass manufactured?

Vision and strategy


We’re building a brand
for the 21st century

Our long-term vision will always be guided by where we started: to use business to do good and use design to create impact. We believe that it is truly possible to both be profitable and equitable— to our employees, our artisan partners, all our stakeholders, our shareholders, and our customers — while simultaneously making beautiful things, ethically.


Looking Forward:


We plan to use the funds from this round for:

1. New Hires:

We'll make key hires in Marketing, Sales, and Production.

2. Marketing:

With minimal advertising spending to date, we'll expand both our paid and content marketing plans, leveraging our creative strengths.

3. Brick & Mortar Expansion:

We'll start to lay the groundwork for two new brick & mortar locations by 2025.


4. Product Development:

We already touch on every corner of the home and have a product roadmap (and artisan network) for expansion. 

5.  Artisan Initiatives:

Lay the groundwork for a robust artisan training program in partnerships with leaders in the communities we work in.

Impact


Considering our impact is core to who we are

We believe good design goes hand-in-hand with being considerate of people, the planet, and its resources. We’re committed to running our business through a lens of equity—whether that’s interacting with our customers, team, artisan partners, or local communities. By considering the impact we have on the lives of each individual we touch and the environment, we can further our goal of building a more equitable and just future. We believe in building the future of responsible retail.

Read: 2020 Impact Report

We're a B Corporation!

In 2021 we completed our B Corp certification after a rigorous two-year assessment. Average businesses receive a score of 50.9, with a qualifying score of 80. MINNA received a score of 104.3. We were placed on two Impact Business Model (IBM) tracts: Supply Chain Poverty Alleviation and Arts, Media, and Culture for craft preservation.

Supply Chain Poverty Alleviation (IBM)

MINNA creates job opportunities in high poverty rate regions of the world. Year over year we commit to stable employment, growing our investment in each region. 

  • MINNA wages are 4.2x higher than minimum wages per country.
  • MINNA wages are 3.8x higher than fair wages per country.

Funding


No funding to date

This is our first round of funding. Prior to this raise, the company was bootstrapped by the founder and re-investing our profits to grow.

Founders



Sara Berks

Founder & CEO




Meet Sara, the visionary founder and CEO behind MINNA. Named one of Dwell Magazine’s 30 Emerging Talents in the World of Design, Sara’s singular style and conscience-driven work are beloved internationally.

A weaver and painter, Sara has a distinct understanding of what it takes to create timeless pieces for the home. Her design background from SVA helped hone the identity of MINNA, but ultimately it was her passion for learning about artisanal textiles that led her to work in Latin America. Sara’s dedication to honoring these artisans has led to creating steady workstreams through MINNA that aid in craft preservation and job creation in Mexico, Guatemala, Uruguay, Bolivia, and Peru.

One of MINNA's advisors Amy Chender says, “Sara uniquely has both high-level right and left brain capacity. Her ability to analyze complex quantitative concepts and build growth models, coupled with a singular design aesthetic have allowed her to expertly lead both sides of the business dynamically. It’s a rare opportunity to work with this level of talent.”

Why the name MINNA? The name MINNA comes from Sara’s maternal grandmother’s name, dropped upon her arrival to the United States from Germany in 1940. Sara loved this story: nostalgic with a touch of rebellion.

Deal terms


Valuation cap

$5,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

15%

If a trigger event for MINNA occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that MINNA is accepting.
Learn more

Maximum investment

$200,000

The largest investment amount that MINNA is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
MINNA needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by MINNA Goods LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
MINNA Crowd SAFE Minna Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in MINNA.
61 investors
Invest
$100
Receive
  • 1/500 chance to win a MINNA rug of your choice.
  • 20% discount code, one time use, valid one month.
  • Limited (439 left of 500)
16 investors
Invest
$250
Receive
  • 1/300 chance to win a MINNA rug of your choice.
  • 20% discount code (valid 1 month, unlimited usage).
  • Limited (284 left of 300)
8 investors
Invest
$500
Receive
  • 1/200 chance to win a MINNA rug of your choice.
  • 20% discount code (valid 3 months, unlimited usage)
  • Early access to new product launches.
  • Limited (192 left of 200)
15 investors
Invest
$1,000
Receive
  • 1/100 chance to win a MINNA rug of your choice.
  • 20% discount code (valid 1 year, unlimited usage).
  • Early access to new product launches.
  • Limited (85 left of 100)
3 investors
Invest
$2,200
Receive
  • 1/50 chance to win a MINNA rug of your choice.
  • Personalized 20% discount code, shareable with friends & family (valid 1 year, unlimited usage)
  • Early access to new product launches.
  • Limited (47 left of 50)
2 investors
Invest
$5,000
Receive
  • 1/20 chance to win a MINNA rug of your choice.
  • Personalized 20% discount code, shareable with friends & family (valid 1 year, unlimited usage).
  • Early access to new product launches.
  • Limited (18 left of 20)
1 investor
Invest
$10,000
Receive
  • Your choice of MINNA products, up to a $1,500 retail value (excludes non-MINNA product, shipping within the U.S.)
  • Early access to new product launches.
  • Limited (19 left of 20)
Invest
$25,000
Receive
  • Your choice of MINNA products, up to a $2,000 retail value (excludes non-MINNA product, shipping within the U.S.)
  • Early access to new product launches.
  • A 1-1 introductory call with the founder.
  • Quarterly updates.
  • Limited (6 left of 6)
Invest
$50,000
Receive
  • Your choice of MINNA products, up to a $4,000 retail value (excludes non-MINNA product, shipping within the U.S.)
  • A 1-1 introductory call with the founder.
  • 9 x 12 in original watercolor painting by the founder.
  • Early access to new product launches.
  • Quarterly updates.
  • Limited (5 left of 5)
Invest
$100,000
Receive
  • Your choice of MINNA products, up to a $6,000 retail value (excludes non-MINNA product, shipping within the U.S.)
  • A 1-1 introductory call with the founder.
  • 9 x 12 in original watercolor painting by the founder.
  • Early access to new product launches.
  • Quarterly updates.
  • Limited (5 left of 5)
Invest
$200,000
Receive
  • Your choice of MINNA products, up to a $6,000 retail value (excludes non-MINNA product, shipping within the U.S.)
  • A 1-1 introductory call with the founder.
  • Early access to new product launches.
  • 9 x 12 in original watercolor painting by the founder.
  • Annual call with leadership team and advisors.
  • Quarterly updates.

Why others invested

See all reviews (21) See all (21)

I support this business and how they respectfully work with indigenous artists and craftspeople.

Profile picture of Susie Robison
Susie Robison
Investor
about 4 years ago

I love the design and quality of the pieces, and the sustainability, tradition, and diversity & inclusion reflected in MINNA's mission.

Profile picture of Kenneth Beasley
Kenneth Beasley
Investor
about 4 years ago

I am fortunate enough to have seen the very early days of MINNA, witnessing firsthand Sara's passion and commitment for this work and the people she works with. I have continued to be impressed with all that she and her team have accomplished over the years. Not only are MINNA products of the highest quality and craft, but there is also heart, passion, and well-channeled ambition behind this brand.

Profile picture of Jonathan Rahmani
Jonathan Rahmani
Investor
about 4 years ago

About MINNA

Legal Name
MINNA Goods LLC
Founded
Dec 2014
Form
New York LLC
Employees
8
Website
minna-goods.com
Social Media
Headquarters
Google Map location of of MINNA
421 Warren Street , Hudson, NY
Headquarters
421 Warren Street, Hudson, NY, United States 12534

MINNA Team
Everyone helping build MINNA, not limited to employees

Profile picture of Sara Berks
Sara Berks
Founder & CEO
Profile picture of Suzanne Fonzi
Suzanne Fonzi
Head of Operations
Profile picture of Sam Tannenbaum
Sam Tannenbaum
Design & Development Lead
Profile picture of Cate Collins
Cate Collins
Retail Manager
Profile picture of Rhonda  Lowry
Rhonda Lowry
Fulfillment & Inventory
Profile picture of Guillermo Macías
Guillermo Macías
Advisor
Profile picture of Manpreet Kalra
Manpreet Kalra
Advisor
Profile picture of Holly Howard
Holly Howard
Advisor
Profile picture of Agatha Kluk
Agatha Kluk
Legal Counsel
Profile picture of Amy Chender
Amy Chender
Advisor
9 more team members
Suzanne Fonzi
Head of Operations
Sam Tannenbaum
Design & Development Lead
Cate Collins
Retail Manager
Sara Berks
Founder & CEO
Rhonda Lowry
Fulfillment & Inventory
Guillermo Macías
Advisor
Manpreet Kalra
Advisor
Holly Howard
Advisor
Agatha Kluk
Legal Counsel
Amy Chender
Advisor

Press

The Ultimate Bon Appétit Gift Guide For Every Food Person...
Bon Appétit
·
Nov 19, 2021

MINNA B Corp Announcement
Businessofhome Businessofhome
·
Nov 2, 2021

Home goods brand Minna has achieved B Corporation certification. Established in 2013, the queer-owned, female-led brand p...

Introducing the Winners of Our Inaugural EARTH Awards
ELLE Decor ELLE Decor
·
Oct 1, 2021

Welcome to EARTH, an ELLE DECOR celebration of accountability, renewal, transformation, and humanity in design. Here, we ...

Watch: MINNA Teams Up With Oaxacan Artisans to Weave the ...
Dwell

Between Oaxaca, Mexico's cobblestone streets, colonial buildings, and agave fields, and Chiapas' lush rainforests and hig...

LGBTQ+ Design Leaders On How Community Creates Space For ...
Lonny

It's impossible to imagine the world of design without the LGBTQ+ community. Not only are queer folks prominent members o...

6 Ways The Design Industry Is Changing For The Better
Lonny

There was a time when interior design was a very exclusive industry. In order to be a decorating "insider," you'd be requ...

Logo of MINNA

MINNA

MINNA successfully raised $57,551 from 108 investors on August 16, 2022
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Badrul, Jonathan, Jaewon, Tirupathi, Jaishree, and 103 others invested. 21 Reviews
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