Digital Brands Group (2019)
About this raise
Digital Brands Group, with a valuation of $35 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company holds a portfolio of high growth digital-first apparel brands. It currently holds two brands and plans to make another acquisition in 2019. Mark Lynn and Hil Davis founded Digital Brands Group in 2013 and have raised over $12 million since the inception. The current round of crowdfunding has a minimum raise of $399,999 and a maximum raise of $10,000,000, and the funds will be used for marketing, personnel, and product buys. Digital Brands Group already has more than 86,000 customers and has generated lifetime revenues of $19.25 million.
Investment Overview
Invested : $5,128,496
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 07/17/2018
- Close Date
- 11/30/2019
$1,000
$10,000,000
$500
Equity - Preferred
Early Stage
RegA+
$0.53
$35,000,000
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
Financials
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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.
