Wearwell, a Series of Jason’s Syndicate (2022)

Wearwell, a Series of Jason’s Syndicate (2022)

Closed: Apr. 2022

About this raise

Wearwell is raising funds through Wearwell, a Series of Jason’s Syndicate, via a Reg D 506(b) raise. It is a Series LLC investment fund under Jason’s Syndicate of The Syndicate, an angel investing club led by Jason Calacanis. The investors get to join the syndicate, receive deal memos, attend webinars, and decide if they want to invest. Wearwell provides a unique subscription service that helps users buy sustainable and ethically-made clothing. It currently has over 500 monthly members and a retention rate of 96%. The company has experienced a 20% growth in membership month-over-month and is on track to reach $17 million in revenues by 2022. Erin Houston and Emily Kenney founded Wearwell in January 2020. The current campaign has a maximum target of $160,000.

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Investment Overview

Invested this round: $160,000

Deal Terms

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Platform
The Syndicate
Start Date
03/30/2022
Close Date
04/05/2022
Min. Goal
$4,000
Max Goal
$160,000
Min. Investment

$4,000

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegD 506(b)    Open SEC Filing

Company & Team

Company

Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Location
Philadelphia, Pennsylvania
Company Website
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Team

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Wearwell, a Series of Jason’s Syndicate 04/05/2022 The Syndicate - $160,000 Equity - Common Funded RegD 506(b)
Wearwell 09/30/2020 Republic $8,000,000 $104,434 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Wearwell on The Syndicate 2022
Platform: The Syndicate
Security Type: Equity - Common

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