Glyph
[Closed for Investment] 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.
Investment Overview
Raised: $135,690
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 04/30/2020
- Close Date
- 12/11/2020
$25,000
$1,070,000
$100
SAFE
Pre-Seed
RegCF
$9,000,000
10%
Company & Team
Company
- Year Founded
- 1969
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
-
Revenue
- $250,000
- Monthly Burn
- $15,879
-
Runway
- 2.9 months
- Gross Margin
- 84%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/11/2020 | Republic | $9,000,000 | $135,690 | SAFE | Funded | RegCF |
Founder Profile
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.