OAK
Early Stage
New York City-based digitally native brand offering trend-driven creative essentials.
Overview
Raised: $0
Total Commitments ($USD)
Platform
SeedInvest
Start Date
03/13/2019
Close Date
04/26/2019
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$1,000
Security Type
Equity - Preferred
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$2.11
Pre-Money Valuation
$12,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/21/2019
Days Remaining
Not Funded
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2016
Industry
Apparel & Fashion
Tech Sector
Location
Brooklyn, New York
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.
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