Wray

Wray

Growth Stage

Profitable, size-inclusive fashion brand for women

Profitable, size-inclusive fashion brand for women

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/06/2022

Close Date

01/12/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$1,000

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$6,400,000

Valuation Cap

$8,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

01/14/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2015

Industry

Apparel & Fashion

Tech Sector

Retailtech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Brooklyn, New York

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

FY 2021 FY 2020

Revenue

$1,772,810

$718,712

COGS

$492,029

$290,008

Tax

$0

$0

 

 

Net Income

$56,100

$77,219

Summary Balance Sheet

FY 2021 FY 2020

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: 12/06/2022
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Wray on SeedInvest 2022
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $8,000,000

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