Brass Clothing
Growth Stage
A womenswear brand transforming ecommerce through community and connection.
Overview
Raised: $78,350
Total Commitments ($USD)
Platform
Republic
Start Date
07/12/2020
Close Date
12/07/2020
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$533
# of Investors
80
Momentum
Funded
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Year Founded
2018
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Brass Clothing, with a valuation cap of $3.5 million, is raising funds on Republic. The brand makes affordable and high-quality clothing for working women and offers an exceptional shopping experience. The products of Brass Clothing include hyper-edited collections of work-to-weekend staples. Brass Clothing was founded by Katie Demo and Jenny Rudin in June 2014. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $500,000, and the funds will be used for developing brand partnerships, membership models, and media content. Over 25,000 women own Brass Clothing, and the company has generated $5.2 million in lifetime revenues since its launch.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,489,023 |
$2,036,263 |
|
COGS |
$898,648 |
$581,600 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-438,552 |
$-478,338 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,654 |
$19,665 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$479,667 |
$325,158 |
|
Short-Term Debt |
$1,117,822 |
$350,063 |
|
Long-Term Debt |
$0 |
$174,698 |
|
Total Liabilities |
$1,117,822 |
$524,761 |
Financials as of: 07/12/2020
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