JBRDS

JBRDS

Closed: Apr. 2024

About this raise

JBRDS, with a valuation of $6.3 million, is raising funds on Wefunder. It is a footwear company that makes comfortable shoes with precise design for young adventurers. JBRDS shoes come in as sock-and-shoe-in-one design and have a suede and 0-drop outsole, roomie toe box, and an injection-molded support cage. The company has a loyal customer base and has earned the number one rank in Baby Boy’s Sneakers and Baby Girl’s Sneakers category on Amazon. David Hirshfeld and Dr. Jay LeBow founded JBRDS in March 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for new product development and production, and marketing.

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Investment Overview

Invested this round: $339,200

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/31/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max Goal
$1,234,994
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$57.27

Early Bird Valuation

$5,000,001

Pre-Money Valuation

$6,300,000

Company & Team

Company

Year Founded
2018
Industry
Apparel & Fashion
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Baltimore, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Jay LeBow
Title
Chief Innovation Officer and Head of Product
Founder Name
Mike Gugat
Title
Chief Executive Officer and Head of Marketing
Founder Name
David Hirshfeld
Title
Chief Operations Officer and Head of Fulfillment

Financials

 Revenue
$54,053
as of FY2022
 Monthly Burn
$10,180
as of FY2022
 Runway
6.5 months
as of
 Gross Margin
43%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$54,053

$0

COGS

$30,545

$0

Tax

$0

$0

 

 

Net Income

$-283,459

$-74,347

Summary Balance Sheet

FY 2022 FY 2021

Cash

$41,829

$58,048

Accounts Receivable

$0

$0

Total Assets

$98,342

$59,051

Short-Term Debt

$116,445

$93,695

Long-Term Debt

$0

$0

Total Liabilities

$116,445

$93,695

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $6,300,000 $339,200 Equity - Common Funded RegCF
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Add to portfolio
JBRDS on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $6,300,000
Price per Share: $57.27

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Follow JBRDS on Wefunder 2023

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Warning: according to the close date for this deal, JBRDS may no longer be accepting investments.

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