Both& Apparel

Both& Apparel

Closed: Jan. 2023

About this raise

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.

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Investment Overview

Invested this round: $56,535

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Finnegan Shepard
Title
CEO

Financials

 Revenue
$59,735
 Monthly Burn
$4,475
 Runway
17.9 months
 Gross Margin
52%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$400,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/13/2023 Wefunder $5,000,000 $56,535 SAFE Funded RegCF
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Add to portfolio
Both& Apparel on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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Warning: according to the close date for this deal, Both& Apparel may no longer be accepting investments.

Both& Apparel Deal Report

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