Goal Five
Growth Stage
World-class sports apparel for women, by women.
Overview
Raised: $62,545
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/26/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Series A
Funding Type
RegCF
Valuation Cap
$12,500,000
Discount Rate
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
125%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$1,646
# of Investors
77
Momentum
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Location
Oakland, California
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Goal Five is raising funds on Wefunder. The company makes world-class sports apparel for female athletes. The apparel of Goal Five is focused on performance, fit, and premium quality and is designed for functionality. The hero product of Goal Five is its shorts with 4-way stretch fabrication and a contoured fit for the female body. The business reported 4.5 times net sales growth year-over-year from 2019 to 2021, with a 91% retention rate in Q4 2021. Lindsey Jones and Ann Kletz founded Goal Five in January 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, personnel, inventory, and infrastructure.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,502,436 |
$1,075,533 |
|
COGS |
$2,026,492 |
$584,923 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,544,951 |
$-736,177 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$382,795 |
$289,055 |
|
Accounts Receivable |
$33,561 |
$15,046 |
|
Total Assets |
$2,328,571 |
$630,055 |
|
Short-Term Debt |
$890,082 |
$176,806 |
|
Long-Term Debt |
$48,438 |
$2,596,872 |
|
Total Liabilities |
$938,520 |
$2,773,678 |
Financials as of: 12/26/2022
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