Digital Brands Group

Digital Brands Group

Early Stage

Revolutionizing the holding company model. Portfolio of high-growth 'digital first' apparel brands.

Revolutionizing the holding company model. Portfolio of high-growth 'digital first' apparel brands.

Overview

Raised this Round: Raised: $3,160,526

Total Commitments ($USD)

Platform

SeedInvest

Start Date

07/06/2017

Close Date

06/30/2018

Min. Goal
$1,000
Max. Goal
$10,000,000
Min. Investment

$1,000

Security Type

Equity - Preferred

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$30,000,000

Year Founded

2013

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Location

Los Angeles, California

Digital Brands Group, with a valuation of $30 million, is raising funds on SeedInvest through Reg A+ crowdfunding. The company holds a portfolio of high-growth digital-first apparel brands. It focuses on simple design, superior quality, and a high-quality product selection for a perfect wardrobe. Digital Brands Group launched its first brand, DSTLD, in 2014 and has had over 50,000 customers. The brand reported sales of $0.62 million for November 2016 and a 102% year-over-year growth through May 2017. Mark Lynn and Hil Davis founded Digital Brands Group in 2013. The current crowdfunding campaign has no minimum target and a maximum target of $10,000,000. The campaign proceeds will be used for marketing, personnel, and product buys.

Balance Sheet

Cash and Cash Equivalents

$179,012

Accounts and Notes Receivable

$402,002

Property, Plant and Equipment (PP&E)

$16,689

Total Assets

$1,530,136

Accounts Payable & Accrued Liabilities

$1,358,122

Total Liabilities

$2,876,659

Total Stockholders' Equity

$-1,346,523

Total Liabilities and Equity

$1,530,136

Statement of Comprehensive Income Information

Total Revenues

$2,500,306

Costs & Expenses Applicable to Rev

$1,541,664

Depreciation and Amortization

$42,218

Net Income

$-2,260,910

Earnings Per Share - Basic

$-0.24

Earnings Per Share - Diluted

$-0.24

Auditor: Artesian CPA, LLC
Financials as of: 07/06/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Digital Brands Group 12/20/2020 Wefunder $52,841,157 $741,974 Convertible Note Funded RegCF
Digital Brands Group 04/28/2020 Wefunder $52,800,000 $303,708 Equity - Preferred Funded RegCF
Digital Brands Group 11/29/2019 StartEngine $35,000,000 $5,128,496 Equity - Preferred Funded RegA+
Digital Brands Group 08/09/2018 StartEngine $34,339,074 $64,586 Equity - Preferred Funded RegCF
Digital Brands Group 06/29/2018 SeedInvest $30,000,000 $3,160,526 Equity - Preferred Funded RegA+
Digital Brands Group 10/17/2017 SeedInvest $22,000,000 - Equity - Preferred Funded RegA+
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Digital Brands Group on SeedInvest 2017
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $30,000,000
Price per Share: $0.50

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