Indy Brand Clothing, LLC
Growth Stage
Modern lifestyle clothing brand inspired by the outdoors
Overview
Raised: $276,213
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/29/2020
Close Date
07/31/2020
Min. Goal
$50,000
Max. Goal
$499,999
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/01/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,246
# of Investors
85
Momentum
Funded
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Year Founded
2014
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Indy Brand Clothing, with a pre-money valuation of $5 million, is raising funds on WeFunder. It is a modern lifestyle clothing brand, mainly inspired by outdoors. The brand promotes a love for adventure and outdoors, and has one-of-a-kind graphics for men, women, and children. Indy Brand Clothing was founded by Mike Sperry, Kelly N Sperry, Ben Campbell, and Courtney Campbell and has raised over $200,000 since its inception. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $499,999, and the funds will be used towards digital marketing, business development, and inventory. Indy Brand Clothing has reported over $4.5 million in sales since 2014, with sales of $1.6 million in 2019 alone. The brand has reported 165% average year-over-year growth in the last five years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,639,949 |
$983,703 |
|
COGS |
$685,761 |
$408,700 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$24,621 |
$55,903 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,938 |
$21,439 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$97,657 |
$70,349 |
|
Short-Term Debt |
$136,918 |
$65,305 |
|
Long-Term Debt |
$72,512 |
$0 |
|
Total Liabilities |
$209,430 |
$65,305 |
Financials as of: 03/29/2020
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