Wray

Growth Stage

Profitable, size-inclusive fashion brand for women

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/07/2022

Close Date

01/12/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$1,000

Security Type

Convertible Note

Series

Seed

Funding Type

RegCF / RegD 506(c)

Valuation Cap

$8,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

01/15/2023

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Location

Brooklyn, New York

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Wray, with a valuation of $8 million, is raising funds on SeedInvest. It is a size-inclusive fashion brand for women that offers high-quality and accessible luxury fashion. The business produces its clothes ethically, in one of the most size-inclusive sizes, and at the most competitive prices. Wray has reported $2.9 million in sales in the last 365 days, with 259% year-over-year sales growth since 2018 and a repeat customer rate of 59%. Wray Serna and Bradford Stephens founded Wray in June 2015. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $250,000, and a maximum target of $1.24 million. The campaign proceeds will be used for product, growth marketing, staffing, and debt restructuring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,772,810

$718,712

COGS

$492,029

$290,008

Tax

$0

$0

 

 

Net Income

$56,100

$77,219

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$58,597

$82,013

Accounts Receivable

$0

$0

Total Assets

$1,070,147

$399,962

Short-Term Debt

$503,767

$331,415

Long-Term Debt

$322,697

$157,556

Total Liabilities

$826,464

$488,971

Financials as of: 12/07/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Pending Review

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Wray on SeedInvest 2022
$
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $8,000,000

Follow company

Follow Wray on SeedInvest 2022
Withdrawn