Wray
Growth Stage
Profitable, size-inclusive fashion brand for women
Overview
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
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Location
Brooklyn, New York
Industry
Apparel & Fashion
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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
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Analyst Report
Pending Review