Liz Alig

Liz Alig

Closed: Aug. 2024

About this raise

Liz Alig is raising funds on Wefunder. The company makes and sells high-quality and fair-trade women's apparel. Liz Alig makes sustainable clothes in small fair trade workshops in seven countries and targets millennial and Gen Z women in top cities, including New York, Brooklyn, Los Angeles, Seattle, and Chicago. The company provides direct-to-customer sales with 60% margin and has reported a 270% growth rate year-over-year since 2020. Elizabeth Roney founded Liz Alig in May 2009. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, workshop equipment upgrades, salaries of part-time employees, inventory production, and opening the first brick-and-mortar store in Nashville, Tennessee.

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Investment Overview

Invested this round: $74,961

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/02/2023
Close Date
08/26/2024
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2009
Industry
Apparel & Fashion
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Nashville, Tennessee
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Elizabeth Roney
Title
Owner & Designer

Financials

as of Fiscal Year 2023
 Revenue +176% YoY
$270,000
 Monthly Burn
Profitable
 Cash on Hand
$9,519
Gross Margin
65%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$412,333

$270,000

COGS

$143,038

$88,200

Tax

$300

$366

 

 

Net Income

$62,942

$58,800

Summary Balance Sheet

FY 2023 FY 2022

Cash

$9,519

$12,629

Accounts Receivable

$0

$0

Total Assets

$178,847

$183,708

Short-Term Debt

$68,000

$59,306

Long-Term Debt

$105,000

$112,328

Total Liabilities

$173,000

$171,634

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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
08/26/2024 Wefunder - $74,961 Debt Funded RegCF
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Add to portfolio
Liz Alig on Wefunder 2023
Platform: Wefunder
Security Type: Debt

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