DudeRobe
Growth Stage
Next Generation Robe + Loungewear
Overview
Raised: $243,799
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/28/2021
Close Date
03/29/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$12,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,347
# of Investors
353
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2017
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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: 09/28/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.