OAK
About this raise
OAK, the New York City-based brand of trendy creative essentials, is raising on SeedInvest. The company has a pre-money valuation of $12 million. OAK is the manufacturer and distributor of creative and comfortable men and women clothing, shoes, and accessories. The customers of OAK are generally millennial or Generation X men and women. OAK was founded by Jeff Madalena and Louis Terline in 2004. The proceeds of the current crowdfunding round, with the total round size of $2.5 million, will be used for R&D in lifestyle and child categories, marketing, hiring, and inventory. OAK already has over $10 million in online lifetime sales, with a subscriber list of over 200,000 emails.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 03/13/2019
- Close Date
- 04/26/2019
$25,000
$1,070,000
$1,000
Equity - Preferred
RegCF
/ RegD 506(c)
$2.11
$12,000,000
Company & Team
Company
- Year Founded
- 2016
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Brooklyn, New York
- Company Website
-
Visit Website
Team
- Employees
- 10
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/26/2019 | SeedInvest | $12,000,000 | $0 | Equity - Preferred | Not Funded | RegCF / RegD 506(c) |