Mightly

Early Stage

Authentically sustainable, affordable, and accessible children’s wear brand

Analytics

Raised to Date: Raised: $294,450

Aggregate Commitments $

Platform

Wefunder

Start Date

08/09/2022

Close Date

04/30/2023

Min. Goal

$50,001

Max. Goal

$600,000

Min. Investment

$200

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$0.74

Pre-Money Valuation

$6,026,404

Rolling Commitments $

Status

Active

Reporting Date

10/05/2022

Days Remaining

207

% of Min. Goal

589%

% of Max. Goal

49%

Likelihood of Max
extremely
Avg. Daily Raise

$5,166

Momentum
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Location

Oakland, California

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

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: 08/09/2022
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Mightly on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,026,404

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