Mightly
[Closed for Investment] 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.
Investment Overview
Raised: $361,625
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +162% YoY
- $787,851
- Monthly Burn
- $19,764
-
Runway
- 24+ months
- Gross Margin
- 34%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $780,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/07/2023 | Wefunder | $6,026,404 | $361,625 | Equity - Preferred | Funded | RegCF |
Founder Profile
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.