Actively Black
About this raise
Actively Black, with a valuation of $60 million, is raising funds on Wefunder. It is a Black-owned premium athleisure and lifestyle brand. Actively Black aims to uplift and invest back into the Black community and encourage and promote a healthier lifestyle while providing opportunities for Black talent. The brand has been worn by Barack Obama, Meagan Good, Steve Harvey, Steph Curry, and Gervonta Davis and has major brand partnerships with Disney, Marvel, NBA, Bob Marley, Muhammad Ali, and MLK Estates. Lanny Smith founded Actively Black in August 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory, marketing, and hiring.
Investment Overview
Invested : $1,102,216
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/06/2024
- Close Date
- 12/31/2024
$50,000
$1,235,000
$100
SAFE
Growth Stage
RegCF
$50,000,000
$60,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +42% YoY
-
$7,507,925
as of FY2023
- Monthly Burn
-
$334,616
as of FY2023
-
Runway
-
1.5 months
as of Oct '24
- Gross Margin
-
39%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $8,271,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2024 | Wefunder | $60,000,000 | $1,102,216 | SAFE | Funded | RegCF |