Centric Wear
Early Stage
High Quality Athletic Apparel Made to Perform
Overview
Raised: $10,097
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/29/2021
Close Date
01/26/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$8,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$56
# of Investors
17
Momentum
Not Funded
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Year Founded
2021
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Centric Wear, with a pre-money valuation of $8 million, is raising funds on StartEngine. The company makes functional sportswear using high-performance proprietary fabrics. It is revolutionizing the fitness apparel industry with its tailored form and function. Ryan Hoang and Winny Budiman founded Centric Wear in 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to increase brand awareness, reach more customers, build a strong community, advertise, and expand the product line. Centric Wear focuses on color psychology and uses color to enhance the overall fitness experience.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$386,258 |
$0 |
|
COGS |
$101,684 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-109,158 |
$-10,603 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$29,125 |
$125,412 |
|
Accounts Receivable |
$8,525 |
$6,647 |
|
Total Assets |
$271,191 |
$162,642 |
|
Short-Term Debt |
$90,466 |
$22,982 |
|
Long-Term Debt |
$63,846 |
$0 |
|
Total Liabilities |
$154,312 |
$22,982 |
Financials as of: 07/29/2021
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