Fashwire

Fashwire

Early Stage

Data-driven direct-to-consumer channel

Data-driven direct-to-consumer channel

Overview

Raised to Date: Raised: $64,786

Total Commitments ($USD)

Platform

Republic

Start Date

02/02/2020

Close Date

06/30/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/04/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$438

# of Investors

208

Momentum
Funded
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Year Founded

2015

Industry

Apparel & Fashion

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Seattle, Washington

Business Type

Growth

Fashwire, with a valuation cap of $10 million, is raising funds on Republic. It is a global multi-brand marketplace that is driven by data and technology. Fashwire uses Data Insights Technology to deliver consumer-centric insights and to influence fashion trends and ideas. Users download the Fashwire application and use it to share their preferences in designers and brands. The data can then be accessed by the designers in real-time to modify their collections based on the customers’ feedback. Fashwire was founded by Kimberly Carney in September 2015 and has raised over $2 million since its inception. 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 ramp up the technology, enhance the algorithms, and invest in team and marketing. Fashwire has had over 35,000 downloads and hosts more than 200 brands from over 25 countries.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,474

$650

 

 

Net Income

$-663,700

$-518,173

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,604

$64,895

Accounts Receivable

$0

$0

Total Assets

$904,651

$316,796

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/02/2020
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Fashwire on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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