Centric Wear

Early Stage

High Quality Athletic Apparel Made to Perform

Analytics

Raised to Date: Raised: $10,097

Aggregate Commitments $

Platform

StartEngine

Start Date

07/30/2021

Close Date

01/26/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$8,000,000

Rolling Commitments $

Status
Funded
Reporting Date

01/26/2022

Days Remaining
Funded
% of Min. Goal

101%

% of Max. Goal

1%

Likelihood of Max
Funded
Avg. Daily Raise

$56

Momentum
Funded
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Location

Los Angeles, California

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Centric Wear, with a pre-money valuation of $8 million, is raising funds on StartEngine. The company makes functional sportswear using high-performance proprietary fabrics. It is revolutionizing the fitness apparel industry with its tailored form and function. Ryan Hoang and Winny Budiman founded Centric Wear in 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to increase brand awareness, reach more customers, build a strong community, advertise, and expand the product line. Centric Wear focuses on color psychology and uses color to enhance the overall fitness experience.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$386,258

$0

COGS

$101,684

$0

Tax

$0

$0

 

 

Net Income

$-109,158

$-10,603

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$29,125

$125,412

Accounts Receivable

$8,525

$6,647

Total Assets

$271,191

$162,642

Short-Term Debt

$90,466

$22,982

Long-Term Debt

$63,846

$0

Total Liabilities

$154,312

$22,982

Financials as of: 07/30/2021
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Centric Wear on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,000,000

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