Both& Apparel

Early Stage
One-stop shop for the nonbinary generation
Overview
Raised: $56,535
Rolling Commitments ($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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