Both& Apparel
Early Stage
One-stop shop for the nonbinary generation
Overview
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
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
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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