MTailor
About this raise
MTailor, with a valuation of $30 million, is raising funds on Wefunder. The company has developed an app that helps in 3D scanning, visualization, and sizing for clothes through mobile phones. The app, MeasureUp, uses AI and advanced software algorithms to scan measurement features of customers, create an identical digital clone of their body, and see how the clothing they are buying will fit accurately. MTailor is a profitable e-commerce business with over $5 million in annual revenue. Miles Penn founded MTailor in September 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for technology R&D, sales and marketing, and operational expenses.
Investment Overview
Invested $2,144,000 :
Deal Terms
Company & Team
Company
- Year Founded
- 2012
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -27.1% YoY
- $5,108,248
- Monthly Burn
- $67,644
-
Runway
- 11.4 months
- Gross Margin
- 58%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $7,200,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
09/30/2023 | Wefunder | $33,000,000 | $2,144,000 | SAFE | Funded | RegCF |