Digital Brands Group
Premium Denim + Luxury Closet Essentials
Analytics
Raised: $5,128,496
Aggregate Commitments $
Platform
StartEngine
Start Date
07/17/2018
Close Date
11/30/2019
Min. Goal
$1,000
Max. Goal
$10,000,000
Min. Investment
$500
Security Type
Equity - Preferred
Funding Type
RegA+
Pre-Money Valuation
$35,000,000
Rolling Commitments $
Status
Funded
Reporting Date
11/30/2019
Days Remaining
Funded
% of Min. Goal
512,850%
% of Max. Goal
51%
Likelihood of Max
Funded
Avg. Daily Raise
$10,237
Momentum
Funded
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Location
Los Angeles, California
Industry
Apparel & Fashion
Tech Sector
Non-Tech
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.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | 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 | $0 | Equity - Preferred | Funded | RegA+ |
| Digital Brands Group | 06/14/2016 | SeedInvest | $22,000,000 | $0 | Equity - Preferred | Funded | RegA+ |
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