Overview

Raised to Date: Raised: $135,690

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

04/29/2020

Close Date

12/11/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$9,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

12/30/2020

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$603

# of Investors

354

Momentum

Funded

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Glyph

Year Founded

1969

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

High Growth

Company Website

Glyph, with a $9 million valuation cap, is raising funds on Republic. The company designs and sells digitally-knit loafers that fit perfectly into days and nights. Glyphs are the only pair of shoes anyone needs for everyday use as they go with absolutely anything, including pants, shorts, suits, and dresses. The shoes are machine washable, rain resistant, and highly versatile. Glyph was founded by Pranav Sachdev and Alan Lau in 2017 and has raised more than $400,000 since its inception. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to reach a broader audience, expand into new markets, and develop more versatile products. Glyph has over 2,000 customers, with a Net Promoter Score of 62. The company generated $250,000 in revenue from October 2019 to February 2020, with 60% month-over-month growth.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$117,833	$29,579
COGS	$19,133	$301
Tax	$450	$4,714
Net Income	$-190,544	$-29,430

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$45,991	$30,916
Accounts Receivable	$0	$0
Total Assets	$140,954	$56,679
Short-Term Debt	$97,053	$60,234
Long-Term Debt	$12,000	$0
Total Liabilities	$109,053	$60,234

Financials as of: 04/29/2020

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Glyph Founder Pranav Sachdev Talks Shoes and Minimalism

Minimalism is a growing trend in the US. But one of the most difficult places to apply it is in the closet. Shoes in particular often seem to pile up as a different pair is needed for each activity.

That’s where Glyph comes in. This shoe company utilizes digital knitting technology to make a versatile and comfortable loafer that easily switches from business to weekend. We sat down with founder Pranav Sachdev to talk about how minimalism inspires him, what investors should know about Glyph, and where the company is headed.

Read Founder Interview