Ollie Gray

Neutral
BETA

D2C premium Maternity Wear company changing the way women view undergarments, clothing, and accessories

Analytics

Raised to Date: $69,605

Aggregate Commitments $
Platform

SeedInvest

Start Date

08/10/2020

Close Date

10/02/2020

Min. Goal

$25,000

Max. Goal

$1,000,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$5,000,000

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

13

% of Min. Goal

278%

% of Max. Goal

7%

Likelihood of Max
Avg. Daily Raise

$1,881

Momentum
Location

Charlotte, NC

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Ollie Gray, with a pre-money valuation of $5 million, is raising funds on SeedInvest. The company makes comfortable, fashionable, and innovative maternity wear products and accessories. The first product launched is nursing and pump bras, and the company plans to add three new product lines in 2020. Kate Rech and Bryce M. Rech founded Ollie Gray in 2015. The proceeds of the current crowdfunding round, with a minimum goal of $250,000 and a maximum goal of $1,000,000, will be used for sales and marketing, inventory, product development, and other advertising initiatives. Ollie Gray has sold over 28,000 units since its launch and has achieved a 55% year-over-year growth from 2018 to 2019.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$718,227

$463,371

COGS

$401,480

$227,799

Tax

$0

$0

 

 

Net Income

$-99,295

$-140,826

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$134,006

$85,131

Accounts Receivable

$0

$0

Total Assets

$238,590

$183,692

Short-Term Debt

$280,315

$110,465

Long-Term Debt

$63,371

$0

Total Liabilities

$343,686

$183,050

Ratings

last updated 09/16/2020

Research

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