Season Three
Early Stage
Heritage footwear for a new generation
Overview
Raised: $107,061
Total Commitments ($USD)
Platform
Republic
Start Date
04/19/2021
Close Date
08/15/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$6,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2021
Days Remaining
Funded
% of Min. Goal
428%
% of Max. Goal
10%
Likelihood of Max
Funded
Avg. Daily Raise
$907
# of Investors
276
Momentum
Funded
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Location
Brooklyn, New York
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Season Three, with a valuation cap of $6 million, is raising funds on Republic. The company makes and sells hiking boots and outdoor apparel for millennials and Gen-Z. The outdoor lifestyle brand makes heritage footwear for the new generation, with The Ansel as its flagship product. Adam Klein and Jared Ray Johnson founded Season Three in April 2018 and have raised over $600,000 since the inception. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for product development, social media marketing, content creation, and hiring. Season Three has reported over $150,000 in sales since its launch in February 2020 and expects to reach $830,000 in sales by 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$122,978 |
$0 |
|
COGS |
$57,474 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-156,237 |
$-83,034 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$73,092 |
$161,701 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$149,150 |
$249,681 |
|
Short-Term Debt |
$6,812 |
$2,364 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$6,812 |
$2,364 |
Financials as of: 04/19/2021
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