Authentically American on NextSeed

High quality, 100% American-made apparel company, aiming to be the next iconic American brand

Raise to date: $500,000

Reporting Date: 05/31/2020

Key Stats

Minimum Raise

$100,000

Maximum Raise

$500,000

Likelihood of Max Exceeded
Start Date

04/22/2020

Stop Date

10/31/2020

Days Remaining

151

Security Type

SAFE

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

293

% of Minimum Raised

500%

% of Maximum Raised

100%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$12,821

DPD* Category

$0

DPD* All Companies

$1,028

Kingscrowd Momentum

$500,000

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Authentically American, with a valuation cap of $7.5 million, is raising funds on NextSeed. It is an apparel company that makes high-quality and 100% American-made apparel. The company aims to bring textile jobs back to America and create high-quality garments. The offerings of Authentically American include stylish polo shirts, quarter zip, pullover, full-zip jackets, and t-shirts. Authentically American was founded by Dean Wegner and Kelly Wegner in 2017. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $500,000, and the funds will be used towards working capital, inventory, B2B advertising, consumer brand advertising, and hiring of a new sales manager. Authentically American garments are competitively priced, with a gross margin of 39.5%. The company reported a 316% growth in revenue in the first quarter of 2020 compared to the first quarter of 2019.

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