Goal Five

Growth Stage

World-class sports apparel for women, by women.

Overview

Raised to Date: 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
unlikely
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

Business Type

Growth

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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Goal Five on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $12,500,000

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