Wray
About this raise: 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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments ($USD)
- Platform
- SeedInvest
- Start Date
- 12/07/2022
- Close Date
- 01/12/2023
$25,000
$1,235,000
$1,000
Convertible Note
Seed
RegCF
/ RegD 506(c)
$6,400,000
$8,000,000
0%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +147% YoY
- $1,772,810
- Monthly Burn
- Profitable
- Cash on Hand
- $58,597
- Gross Margin
- 72%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $78,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/12/2023 | SeedInvest | $8,000,000 | $0 | Convertible Note | Not Funded | RegCF / RegD 506(c) |