Wearwell, a Series of Jason’s Syndicate
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.
Investment Overview
Invested : $160,000
Deal Terms
- Platform
- The Syndicate
- Start Date
- 03/30/2022
- Close Date
- 04/05/2022
$4,000
$160,000
$4,000
Equity - Common
RegD 506(b)
Company & Team
Company
- Year Founded
- 2020
- Industry
- Apparel & Fashion
- Tech Sector
- Location
- Philadelphia, Pennsylvania
- Company Website
-
Visit Website
Team
Financials
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Company Funding & Growth
Funding history
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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
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.