Just Cause Apparel
About this raise
Just Cause Apparel, with a valuation of $5 million, is raising funds on Vicinity. The company partners with top apparel brands and offers private-label goods at standard pricing. Just Cause Apparel’s added twist is that it shares 50% of the net profits from its sales with a charity partner selected by its customers. The company has a loyal customer base and has partnerships with brands like Nike, Columbia Sportswear Company, Healing Hands, and The North Face. Scott Porter founded Just Cause Apparel in April 2018. The current crowdfunding campaign has a minimum target of $600,000 and a maximum target of $1.24 million. The campaign proceeds will be used for logistics and distribution, marketing and branding, technology and infrastructure, research and development, and sales and business development.
Investment Overview
Invested : $755,000
Deal Terms
Total Commitments
- Platform
- Vicinity
- Start Date
- 04/29/2024
- Close Date
- 07/26/2024
$600,000
$1,235,000
$1,000
Convertible Note
Pre-Seed
RegCF
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +29% YoY
- $959,587
- Monthly Burn
- Profitable
- Cash on Hand
- $79,423
- Gross Margin
- 30%
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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 |
|---|---|---|---|---|---|---|
| 07/26/2024 | Vicinity | $5,000,000 | $755,000 | Convertible Note | Funded | RegCF |