BAOBAB

BAOBAB

Vision Driving Sustainable Change

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Security Type
Crowd SAFE
Categories
Consumer Goods & Products
Min Investment
$100
Location
Dover, DE
Offering Date
September 17, 2020
Expected Close Date
April 17, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 20%

Company Description

We are challenging incumbent menswear companies by providing an undeniably better alternative to one of the most popular men's fashion items. As we continue to grow our business, we look to expand our product line, develop additional retail partnerships in key markets and internally maintain our production and distribution channels. We also aim to grow our BAOTECH process to launch sustainable women's, children's, home and face and body products.The future of retail starts with "multi-use distribution hubs."Gone are the days when you open a store and expect customers to walk in and make purchases as the main source of revenue. By 2024, we plan to own our distribution network and utilize the space for product development, delivery, and photography. We anticipate utilizing a traditional retail space where customers can come in and try on, feel and test our products.

Key Deal Facts

Versatile, durable, and sustainable polo shirt brand
800% revenue growth in 2 years; 150+ 5 star reviews
Awarded “Best New Polo Shirt of the Season” by Men’s Journal
35% customer repurchase rate & 87% of those buy multiple shirts
Innovation Award for No Curl Stay Flat Collar™
Proprietary fabrication process BAOTECH™
Featured on ABC’s "Shark Tank," Yahoo Finance, Heavy, Bleu Magazine

Management Team / Advisory Board Bios

Brandon Davenport
Founder

Marcellus Alexander III
Founder

Deal Notes

Discount: 20%

Amount Raised : $96,659
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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