Wearwell on Republic

Consciously made clothing, curated just for you

Raise to date: $53,363

Reporting Date: 03/29/2020

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

02/19/2020

Stop Date

04/29/2020

Days Remaining

29

Security Type

SAFE

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

81

% of Minimum Raised

213%

% of Maximum Raised

5%

Dollars Per Day to Reach Max

$35,056

DPD* Committed

$1,368

DPD* Category

$0

DPD* All Companies

$961

Kingscrowd Momentum

$53,363

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Wearwell, with a valuation cap of $8 million, is raising funds on Republic. It provides a unique subscription service that helps users buy sustainable and ethically-made clothing. Wearwell sends a selection of products monthly to the users in a digital form, and they can purchase the ones they like through the Wearwell platform. The company was founded by Erin Houston and Emily Kenney in January 2020 and raised $200,000 in its pre-seed round of funding. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to scale up the business. Wearwell currently has over 500 monthly members and a retention rate of 96%. The company has experienced a 20% growth in membership month-over-month and is on track to reach $17 million in revenues by 2022.

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