Brass Clothing

Brass Clothing

Growth Stage

A womenswear brand transforming ecommerce through community and connection.

A womenswear brand transforming ecommerce through community and connection.

Overview

Raised this Round: Raised: $78,350

Total Commitments ($USD)

Platform

Republic

Start Date

07/12/2020

Close Date

12/07/2020

Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,500,000

Discount

0%

Year Founded

2018

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Boston, Massachusetts

Business Type

Growth

Brass Clothing, with a valuation cap of $3.5 million, is raising funds on Republic. The brand makes affordable and high-quality clothing for working women and offers an exceptional shopping experience. The products of Brass Clothing include hyper-edited collections of work-to-weekend staples. Brass Clothing was founded by Katie Demo and Jenny Rudin in June 2014. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $500,000, and the funds will be used for developing brand partnerships, membership models, and media content. Over 25,000 women own Brass Clothing, and the company has generated $5.2 million in lifetime revenues since its launch.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,489,023

$2,036,263

COGS

$898,648

$581,600

Tax

$0

$0

 

 

Net Income

$-438,552

$-478,338

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,654

$19,665

Accounts Receivable

$0

$0

Total Assets

$479,667

$325,158

Short-Term Debt

$1,117,822

$350,063

Long-Term Debt

$0

$174,698

Total Liabilities

$1,117,822

$524,761

Financials as of: 07/12/2020
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Brass Clothing on Republic
Platform: Republic
Security Type: SAFE
Valuation: $3,500,000

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