Digital Brands Group

Digital Brands Group

Early Stage

Revolutionizing the holding company model. Portfolio of high-growth 'digital first' apparel brands.

Revolutionizing the holding company model. Portfolio of high-growth 'digital first' apparel brands.

Overview

Raised to Date: Raised: $3,160,526

Total Commitments ($USD)

Platform

SeedInvest

Start Date

07/06/2017

Close Date

06/30/2018

Min. Goal
$1,000
Max. Goal
$10,000,000
Min. Investment

$1,000

Security Type

Equity - Preferred

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$30,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2018

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$8,828

Momentum
Funded
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Year Founded

2013

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Location

Los Angeles, California

Digital Brands Group, with a valuation of $30 million, is raising funds on SeedInvest through Reg A+ crowdfunding. The company holds a portfolio of high-growth digital-first apparel brands. It focuses on simple design, superior quality, and a high-quality product selection for a perfect wardrobe. Digital Brands Group launched its first brand, DSTLD, in 2014 and has had over 50,000 customers. The brand reported sales of $0.62 million for November 2016 and a 102% year-over-year growth through May 2017. Mark Lynn and Hil Davis founded Digital Brands Group in 2013. The current crowdfunding campaign has no minimum target and a maximum target of $10,000,000. The campaign proceeds will be used for marketing, personnel, and product buys.

Balance Sheet

Cash and Cash Equivalents

$179,012

Accounts and Notes Receivable

$402,002

Property, Plant and Equipment (PP&E)

$16,689

Total Assets

$1,530,136

Accounts Payable & Accrued Liabilities

$1,358,122

Total Liabilities

$2,876,659

Total Stockholders' Equity

$-1,346,523

Total Liabilities and Equity

$1,530,136

Statement of Comprehensive Income Information

Total Revenues

$2,500,306

Costs & Expenses Applicable to Rev

$1,541,664

Depreciation and Amortization

$42,218

Net Income

$-2,260,910

Earnings Per Share - Basic

$-0.24

Earnings Per Share - Diluted

$-0.24

Auditor: Artesian CPA, LLC
Financials as of: 07/06/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Digital Brands Group 12/20/2020 Wefunder $52,841,157 $741,974 Convertible Note Funded RegCF
Digital Brands Group 04/28/2020 Wefunder $52,800,000 $303,708 Equity - Preferred Funded RegCF
Digital Brands Group 11/29/2019 StartEngine $35,000,000 $5,128,496 Equity - Preferred Funded RegA+
Digital Brands Group 08/09/2018 StartEngine $34,339,074 $64,586 Equity - Preferred Funded RegCF
Digital Brands Group 06/29/2018 SeedInvest $30,000,000 $3,160,526 Equity - Preferred Funded RegA+
Digital Brands Group 10/17/2017 SeedInvest $22,000,000 - Equity - Preferred Funded RegA+
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Add to portfolio
Digital Brands Group on SeedInvest 2017
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $30,000,000
Price per Share: $0.50

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