Sene

Growth Stage

Sene custom-makes clothing essentials to fit with technical materials.

Analytics

Raised to Date:
$44,051 - RegCF
$184,051 - Total

Aggregate Commitments $

Platform

SeedInvest

Start Date

11/15/2021

Close Date

01/29/2022

Min. Goal

$25,000

Max. Goal

$535,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(c)

Series

Seed

Pre-Money Valuation

$12,000,000

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

62

% of Min. Goal

176%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,389

Momentum
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Location

Los Angeles, California

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Sene, with a valuation of $12 million, is raising funds on SeedInvest. The revolutionary clothing brand is changing the apparel market by creating zero-inventory custom-fit clothes. Sene has replaced tailors with data science, wherein customers generate their custom-fit through Sene’s SmartFit Quiz and place their orders. The clothes are then cut, assembled, and delivered in 2-3 weeks. Sene has generated over $4.3 million in total revenue since the launch and reported a 17% month-over-month average growth in 2021. Ray Li and Mark Zheng founded Sene in 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used for marketing, software development, data science, and hiring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,146,666

$689,176

COGS

$475,150

$175,348

Tax

$0

$0

 

 

Net Income

$-225,799

$-26,880

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$140,486

$108,020

Accounts Receivable

$0

$1,907

Total Assets

$267,315

$209,816

Short-Term Debt

$234,000

$222,306

Long-Term Debt

$144,903

$0

Total Liabilities

$378,903

$222,306

Financials as of: 11/15/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sene 01/29/2022 SeedInvest $12,000,000 $184,051 Equity - Preferred Active RegCF / RegD 506(c)
Sene 12/27/2019 SeedInvest $5,000,000 $682,186 Equity - Preferred Funded RegCF / RegD 506(c)
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Sene on SeedInvest 2021
$
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $12,000,000
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