RedThread
About this raise
RedThread, with a valuation of $9 million, is raising funds on Republic. The company makes custom-fit clothing using its patent-pending technology. The technology enables RedThread to make high-quality custom-fit clothes to the exact measurement using just two photos. The company rejects outdated body standards and celebrates all body types and sizes. RedThread has reported a 40% sales growth CAGR year-to-date with 50% repeat purchases and a low 8% return rate. Meghan Litchfield and Sonia Martin founded RedThread in July 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for new product development and expansion of the customer base.
Investment Overview
Invested : $126,073
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 08/25/2022
- Close Date
- 03/09/2023
$25,000
$1,070,000
$150
SAFE
Early Stage
RegCF
$9,000,000
15%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +16% YoY
- $246,202
- Monthly Burn
- $31,366
-
Runway
- 0.6 months
- Gross Margin
- 49%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,010,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/09/2023 | Republic | $9,000,000 | $126,073 | SAFE | Funded | RegCF |