KD New York
Early Stage
The First Fiber Innovation and On Demand Knit Manufacturing Hub in The Bronx
Overview
Raised: $64,630
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/10/2023
Close Date
04/30/2023
Min. Goal
$250,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$10,000,000
Valuation Cap
$12,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
26%
% of Max. Goal
13%
Likelihood of Max
Avg. Daily Raise
$1,436
Momentum
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Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
KD New York, with a valuation of $12 million, is raising funds on Wefunder. It is the first fiber innovation and on-demand knit manufacturing hub in the Bronx, New York. The hub specializes in patented plant-based fiber innovations, including Vegetable Cashmere, Okara, and Rubberknit. KD New York has sold over 250,000 knits globally to thousands of retailers and has contracts in negotiation with four global high-profile luxury brands. David Lee founded KD New York in February 2020. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $500,000. The campaign proceeds will be used for architectural drawings, landlord fees, buildout, supply purchases for new contracts, R&D, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$14,080 |
$0 |
|
COGS |
$10,060 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$3,795 |
$-288 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,235 |
$12 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,235 |
$12 |
|
Short-Term Debt |
$28 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$28 |
$0 |
Financials as of: 02/10/2023
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