Both& Apparel

Early Stage

One-stop shop for the nonbinary generation

Overview

Raised to Date: Raised: $56,535

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/14/2022

Close Date

01/13/2023

Min. Goal

$50,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

113%

% of Max. Goal

46%

Likelihood of Max
Funded
Avg. Daily Raise

$621

# of Investors

87

Momentum
Funded
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Year Founded

2021

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Albuquerque, New Mexico

Business Type

Growth

Both& Apparel, with a valuation of $5 million, is raising funds on Wefunder. The company makes apparel for the non-binary generation. The company recognizes that the needs of trans and non-binary people are different from those of cis-gendered people and aims to cater to those needs. Both& Apparel has entered the market with trans masculine apparel and sees a lot of opportunity further on. Finnegan Shepard founded Both& Apparel in December 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, inventory buying, team, and R&D on new styles.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$59,735

$0

COGS

$28,569

$0

Tax

$0

$0

 

 

Net Income

$-53,697

$-4,099

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$80,000

$1,095

Accounts Receivable

$0

$0

Total Assets

$111,664

$1,095

Short-Term Debt

$3,876

$194

Long-Term Debt

$157,584

$0

Total Liabilities

$161,460

$194

Financials as of: 10/14/2022
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Both& Apparel on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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