Kitsbow Apparel
Purpose-Designed Apparel, Made in the U.S.
Overview
Raised: $599,602
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/16/2022
Close Date
03/23/2023
Min. Goal
$150,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.75X
Rev. Share %
4.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,759
# of Investors
347
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2012
Industry
Apparel & Fashion
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Kitsbow Apparel is raising funds on Wefunder. The company makes purpose-designed and sustainable apparel that is made to order with minimal waste. The business has over 30,000 customers and gives them what they really want with its 4,600 size and color combinations. Kitsbow Apparel also supports employee ownership and is rebuilding a rural town after decades of economic decline. The company is led by an experienced team and generated $3 million in sales in 2021. David Billstrom founded Kitsbow Apparel in January 2012. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1 million. The campaign proceeds will be used for purchasing raw materials and supplies, marketing, and relieving accumulated accounts payable.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,690,522 |
$2,309,138 |
|
COGS |
$1,422,728 |
$1,529,068 |
|
Tax |
$-11,319 |
$-5,891 |
| ||
| ||
|
Net Income |
$-2,279,917 |
$-2,321,238 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$59,429 |
$301,671 |
|
Accounts Receivable |
$19,517 |
$594 |
|
Total Assets |
$2,091,140 |
$2,702,453 |
|
Short-Term Debt |
$920,151 |
$423,076 |
|
Long-Term Debt |
$4,398,069 |
$3,226,539 |
|
Total Liabilities |
$5,318,220 |
$3,649,615 |
Financials as of: 11/16/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.