Mightly

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.

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Investment Overview

Raised this Round: Raised: $361,625

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
08/09/2022
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    Open SEC Filing

Price Per Share

$0.74

Early Bird Valuation

$5,156,282

Pre-Money Valuation

$6,026,404

Company & Team

Company

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
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Anya Emerson
Title
COO, President of the Board
Founder Name
Barrie Brouse
Title
Chief Creative Officer
Founder Name
Tierra Forte
Title
CEO

Financials

 Revenue +162% YoY
$787,851
 Monthly Burn
$19,764
 Runway
24+ months
Gross Margin
34%

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

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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
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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.

Read Founder Interview

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Add to portfolio
Mightly on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,026,404
Price per Share: $0.74

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Follow Mightly on Wefunder 2022

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Warning: according to the close date for this deal, Mightly may no longer be accepting investments.

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