Digital Brands Group on Wefunder

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

Raise to date: $303,708

Reporting Date: 05/03/2020

Key Stats

Minimum Raise

$100,000

Maximum Raise

$1,069,999

Likelihood of Max Unlikely
Start Date

03/24/2020

Stop Date

04/29/2020

Days Remaining

Closed

Security Type

Preferred Stock

Investment Minimum

$100

Deal Type

Top Deal


Investment Summary

Status

Confirmed Closed

# of Investors

465

% of Minimum Raised

304%

% of Maximum Raised

28%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$8,436

DPD* Category

$0

DPD* All Companies

$908

Kingscrowd Momentum

$303,708

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Digital Brands Group, doing business as DSTLD, is raising funds on WeFunder. The company has a pre-money valuation of $52.8 million and is the holding company of four direct-to-consumer brands. The brands under Digital Brands Group include DSTLD, ACE Studios, Bailey 44, and Ali & Jay. The brands relate to luxury lifestyle and digital-first. Digital Brands Group was founded by Mark Lynn and others in 2013 and has raised over $14 million since its inception. The proceeds of the current round of crowdfunding, with a minimum raise of $100,000 and a maximum raise of $1,069,999, will be used for product and inventory, working capital, marketing, and acquisition and IPO fees. Digital Brands Group currently has 1.2 million customers for the four brands it owns and generated revenues of $30.79 million in 2019.

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