Brobe

Brobe

Closed: Jun. 2023

About this raise

Brobe, with a valuation of $7.61 million, is raising funds on StartEngine. The company makes and sells functional and fashionable adaptive clothing for people recovering from major surgeries. The post-surgery apparel of Brobe is high-quality, suitable for men, women, and children, and solves several post-operative issues like holding ice packs, maintaining surgical drains, and making showering independently possible. Brobe has reached over 50,000 customers and generated sales of $2.7 million since its launch. Allison Schickel founded Brobe in July 2011. The current crowdfunding campaign has a minimum target of $9,999.25 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, inventory, company employment, and working capital.

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Investment Overview

Invested this round: $125,218

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/16/2023
Close Date
06/20/2023
Min. Goal
$9,999
Max Goal
$1,235,000
Min. Investment

$150

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.15

Pre-Money Valuation

$7,609,164

Company & Team

Company

Year Founded
2011
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Allison Schickel
Title
CEO

Financials

 Revenue +7% YoY
$468,383
as of FY2021
 Monthly Burn
$3,599
as of FY2021
 Runway
8.9 months
as of FY2021
 Gross Margin
64%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$468,383

$439,618

COGS

$166,893

$170,707

Tax

$0

$0

 

 

Net Income

$-43,192

$39,599

Summary Balance Sheet

FY 2021 FY 2020

Cash

$31,913

$58,802

Accounts Receivable

$973

$2,858

Total Assets

$479,037

$475,268

Short-Term Debt

$118,320

$44,107

Long-Term Debt

$624,252

$577,290

Total Liabilities

$742,572

$621,397

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$357,550
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/20/2023 StartEngine $7,609,164 $125,218 Equity - Common Funded RegCF
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Add to portfolio
Brobe on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,609,164
Price per Share: $1.15

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Follow Brobe on StartEngine 2023

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

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