Goal Five

Goal Five

Growth Stage

World-class sports apparel for women, by women.

World-class sports apparel for women, by women.

Overview

Raised this Round: 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    Open SEC Filing

Valuation Cap

$12,500,000

Discount

20%

Year Founded

2016

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Oakland, California

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

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

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