Overview

Raised to Date: Raised: $361,625

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/08/2022

Close Date

04/07/2023

Min. Goal

$50,001

Max. Goal

$600,000

Min. Investment

$200

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$0.74

Early Bird Valuation

$5,156,282

Pre-Money Valuation

$6,026,404

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/29/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,501

# of Investors

112

Momentum

Funded

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Mightly

Year Founded

2019

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Oakland, California

Business Type

Growth

Company Website

Mightly, with a valuation of $6.03 million, is raising funds on Wefunder. It is a children’s wear brand that makes affordable and sustainable clothes. The business makes kids’ clothes that can handle all kinds of adventure without costing a fortune. The clothes of Mightly are made using fair trade and organic cotton and are good for people and the planet. Tierra Forte, Anya Emerson, and Barrie Brouse founded Mightly in January 2019. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $600,000. The campaign proceeds will be used for influencer and ambassador marketing, hiring, content production, PR, and product development.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$787,851	$300,424
COGS	$521,640	$177,659
Tax	$0	$0
Net Income	$-237,166	$-116,595

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$491,949	$78,401
Accounts Receivable	$33,129	$19,543
Total Assets	$859,105	$182,308
Short-Term Debt	$157,131	$15,252
Long-Term Debt	$1,005,674	$233,590
Total Liabilities	$1,162,805	$248,842

Financials as of: 08/08/2022

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Mightly Co-founder Tierra Forte Discusses Sustainable Kids Clothing

Parenting can be a challenge, even for the most organized of people. With concerns like food, schooling, and socialization, the sustainability of kids’ clothing is often not a priority for parents. What is a priority is cost — especially since children can outgrow their clothes in a matter of months or even weeks.

Enter Mightly, a company with its sights set on making sure parents have access to affordable, ethically conscious clothing options for their kids. We talked with co-founder and CEO Tierra Forte about the importance of sustainable production, affordability, and the company’s focus moving forward. 

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview