BAOBAB

Disrupting the retail industry starting with the polo shirt

Analytics

Raised to Date: $104,059

Aggregate Commitments $
Platform

Republic

Start Date

10/13/2020

Close Date

04/15/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Rolling Commitments $
Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

416%

% of Max. Goal

10%

Likelihood of Max
Funded
Avg. Daily Raise

$566

# of Investors

294

Momentum
Funded
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Location

New York, New York

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

BAOBAB, with a valuation cap of $8 million, is raising funds on Republic. It is a versatile, sustainable, and durable polo shirt brand. The high-quality and affordable attire of BAOBAB has excellent functionality and value, developed through an elaborate product development process. Brandon Davenport and Marcellus Alexander III founded BAOBAB in November 2016. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to expand the product line, develop additional retail partnerships, and maintain the production and distribution channels. BAOBAB has reported an 800% revenue growth in two years, with a 35% customer repurchase rate. The clothing of BAOBAB works on a proprietary fabrication process BAOTECH.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$247,586

$31,668

COGS

$81,370

$19,375

Tax

$11,985

$0

 

 

Net Income

$29,398

$-15,651

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$89,774

$4,687

Accounts Receivable

$0

$0

Total Assets

$108,507

$4,687

Short-Term Debt

$79,194

$4,772

Long-Term Debt

$15,000

$15,000

Total Liabilities

$94,194

$19,772

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