DudeRobe

Growth Stage

Next Generation Robe + Loungewear

Analytics

Raised to Date: Raised: $149,444

Aggregate Commitments $

Platform

StartEngine

Start Date

09/29/2021

Close Date

03/29/2022

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

$12,500,000

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

163

% of Min. Goal

1,494%

% of Max. Goal

14%

Likelihood of Max
likely
Avg. Daily Raise

$8,302

Momentum
cold
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Location

Hempstead, New York

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

DudeRobe, with a valuation of $12.5 million, is raising funds on StartEngine. The company has re-engineered and redesigned the old bathrobe into the next generation of bathrobes and loungewear. The robes of DudeRobe are more absorbent, functional, and stylish and are robes of choice of NBA Knicks, Nets, and Jazz. DudeRobe generated sales of $1 million in 2020 and has tripled its sales revenue from January to July 2021 compared to the same period last year. Howie Busch founded DudeRobe in August 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the expansion of inventory, development of new products, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,039,356

$124,482

COGS

$440,264

$93,529

Tax

$0

$0

 

 

Net Income

$217,712

$11,898

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$37,058

$983

Accounts Receivable

$0

$0

Total Assets

$281,032

$37,983

Short-Term Debt

$23,334

$51,000

Long-Term Debt

$37,400

$0

Total Liabilities

$60,734

$51,000

Financials as of: 09/29/2021
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DudeRobe on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,500,000

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