Parker Clay Global

Parker Clay Global

Closed: Dec. 2023

About this raise

Parker Clay Global is raising funds through Reg A+ crowdfunding with Dealmaker Securities as the Broker-Dealer. The company makes and sells premium and sustainable leather bags. The bags of Parker Clay Global are made using a better model of making, shopping, and consuming. Parker Clay Global has generated over $20 million in sales since its inception, with 76% year-over-year growth and 372% growth since 2018. Brittany Bentley and Ian Bentley founded Parker Clay Global in 2020. The current crowdfunding campaign has a maximum target of $15 million. The campaign proceeds will be used for marketing, production and manufacturing, inventory, additional retail locations, recruitment and hiring, and working capital.

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Investment Overview

Invested this round: $1,149,409

Deal Terms

Platform
DealMaker Securities
Start Date
11/17/2022
Close Date
Not Provided
Min. Goal
$500
Max Goal
$15,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$45,000,000

Company & Team

Company

Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Santa Barbara, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
218
Prior Founder Exits?
No
Founder Name
Brittany Bentley
Title
Chief Creative Officer
Founder Name
Ian Bentley
Title
CEO

Funding data not publicly available

Financials

 Revenue +22% YoY
$4,832,839
 Monthly Burn
$62,050
 Runway
10.4 months

Balance Sheet

Cash and Cash Equivalents

$647,033

Accounts and Notes Receivable

$62,469

Property, Plant and Equipment (PP&E)

$121,415

Total Assets

$2,088,757

Accounts Payable & Accrued Liabilities

$452,872

Long Term Debt

$2,366,540

Total Liabilities

$6,931,125

Total Stockholders' Equity

$-4,842,368

Total Liabilities and Equity

$2,088,757

Statement of Comprehensive Income Information

Total Revenues

$1,639,032

Costs & Expenses Applicable to Rev

$1,782,589

Net Income

$-744,600

Earnings Per Share - Basic

$-0.08

Earnings Per Share - Diluted

$-0.08

Auditor: Assurance Dimensions
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/14/2023 DealMaker Securities $45,000,000 $1,149,409 Equity - Common Funded RegA+
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Founder Profile

Ian Bentley: Weaving Ethics into Leather Luxury

A company’s social impact can come from its products, but also from its operations and governance. Ian Bentley, founder and CEO of Parker Clay, manufactures long-lasting high-quality bags while employing vulnerable women in Ethiopia, improving their quality of life.

Read Founder Interview

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Parker Clay Global on Dealmaker Securities 2022
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $45,000,000
Price per Share: $0.50

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Follow Parker Clay Global on Dealmaker Securities 2022

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

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