Digital Brands Group (2018)
About this raise
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.
Investment Overview
Invested : $3,160,526
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 07/07/2017
- Close Date
- 06/30/2018
$1,000
$10,000,000
$1,000
Equity - Preferred
Early Stage
RegA+
$0.50
$30,000,000
Company & Team
Company
- Year Founded
- 2013
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Los Angeles, California
- Company Website
-
Visit Website
Team
- Employees
- 13
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Company Funding & Growth
Funding history
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Digital Brands Group | 12/21/2020 | Wefunder | $52,841,157 | $741,974 | Convertible Note | Funded | RegCF |
| Digital Brands Group | 04/29/2020 | Wefunder | $52,800,000 | $303,708 | Equity - Preferred | Funded | RegCF |
| Digital Brands Group | 11/30/2019 | StartEngine | $35,000,000 | $5,128,496 | Equity - Preferred | Funded | RegA+ |
| Digital Brands Group | 08/10/2018 | StartEngine | $34,339,074 | $64,586 | Equity - Preferred | Funded | RegCF |
| Digital Brands Group | 06/30/2018 | SeedInvest | $30,000,000 | $3,160,526 | Equity - Preferred | Funded | RegA+ |
| Digital Brands Group | 10/18/2017 | SeedInvest | $22,000,000 | - | Equity - Preferred | Funded | RegA+ |
Growth Charts
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.
