The Upperow
The Upperow Luxury Fashion House offers cut & sew classy, upscale, versatile, and exclusive clothing for men, women, and children.
Overview
Raised: $10,250
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/23/2020
Close Date
04/13/2020
Min. Goal
$15,000
Max. Goal
$25,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$205
# of Investors
33
Momentum
Not Funded
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Year Founded
2014
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
The Upperow, a luxury fashion brand for exclusive clothing for men, women, and children, is raising funds on Honeycomb Credit. The brand is one of the most desirable fashion houses and is known for its design, quality, craftsmanship, and attention to detail. The Upperow was founded by Anthony E Thompson and LaToya M Thompson and opened its first retail store in Detroit in November 2019. The current round of crowdfunding has a minimum target of $15,000 and a maximum target of $25,000, and the funds will be used to invest in marketing and to bring a new line of spring and summer clothes. The Upperow earned around $43,000 in revenues in 2019 and plans to expand into the e-commerce space.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$42,999 |
$0 |
|
COGS |
$7,264 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,227 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,120 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$152,992 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$48,992 |
$0 |
|
Total Liabilities |
$48,992 |
$0 |
Financials as of: 02/23/2020
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