Goal Five
Growth Stage
World-class sports apparel for women, by women.
Overview
Raised: $68,100
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/25/2022
Close Date
03/31/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$12,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$717
# of Investors
103
Momentum
Funded
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Year Founded
2016
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 12/25/2022
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