Top Deal: Digital Brands Group Continues To Be Strong Investment
- Dec 20, 2018
Key Deal Stats
Raising Platform: SeedInvest
Valuation Cap: $35M
Security Type: Preferred Equity
To date and as of 12/20/2018, Digital Brands Group has raised $1.9M
In July, we covered a company called Denim.LA and its brand DSTLD. Short for “Distilled”, the brand is built with the concept of selling staple high-end clothing products direct to consumer.
Their products, like t-shirts, leather jackets, and jeans, are all fashion essentials immune to the cyclicality of the fashion industry and therefore do not contribute to the wastefulness of fast-fashion.
Even more, by selling their products online, their average selling price is often between 60-80% of comparable luxury products, despite being verifiably sweatshop-free...
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