Charlotte's Closet

Charlotte's Closet

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Security Type
Membership Units
Categories
Other
Offering Date
October 10, 2017
Deal Notes

Class D Units

Price per Unit: $2.80

Company Description

Jen dreaded the idea of buying dresses for her daughter when she knew they'd only be worn once. So she founded Charlotte's Closet, the first-to-market site where teens can rent designer dresses. Jen is on a mission to empower young women to rock their most important occasions in designer looks at an affordable price.

Key Deal Facts

200% increase in prom sales
87% increase in orders
457% increase in home try on orders
391% increase in sessions
380% increase in users
665% increase in page views
Today: It's a formal affair! These are the hottest prom trends for 2017
FOX2: STL Moms – Charlotte’s Closet
abc13: Don't break the bank for your teen’s prom night
New York 4: Don't break the bank for your teen’s prom night
South Florida 6: Charlotte's Closet
seventeen: SNEAKY Prom Tips!
FamilyCircle: Your Online Fairy Godmother

Use of Proceeds

  • Working Capital
  • Intermediary fees

Management Team / Advisory Board Bios

Jen Forman
Founder & CEO
As a PR media specialist for more than 20 years, Jen secured national and local media placements on behalf of her lifestyle clients. This expertise helped launch Charlotte’s Closet, where she booked herself as a third party expert to talk teen fashion trends and introduce the brand and target rental concept. Jen/Charlotte’s Closet has been featured on a number of national and local morning shows including The Today Show, CNN, Good Day New York, WNBC-TV, Good Day Chicago and Twin Cities Live.

Eric Forman
Co-founder & Board Member
As former Director of Marketing for a leading sneaker company, Eric was responsible for positioning and brand building. As owner of an outdoor advertising company, he has the resources to secure media placements for Charlotte’s Closet in the top 10 DMA’s at a fraction of the cost. Eric currently handles all of the advertising partnerships and most recently, secured a unique branded campaign that ran on digital screens placed in more than 50 select hotels nationwide.

Trina Coccarelli
CMO
Her expertise in marketing and e-commerce for over 20 years working at major brands like Nikon, Bloomingdales, American Express, Fortunoff and Publishers Clearing House helped build integrated direct-to-consumer marketing programs as well as completing major digital build outs at established and start-up companies. Trina handles site development and oversees all marketing initiatives for the brand.

Paul Strohmenger
CFO
10 years Deloitte, 20+ years outsourced CFO services advising companies of all sizes in many industries, and adjunct professor teaching graduate and undergraduate courses in finance and accounting.

Steven Brita
Marketing Strategist
20 years of experience helping direct to consumer companies with digital transformation efforts. Steven has worked at both start-ups as well as large established companies (WWE, Guthy-Renker) so he understands the different environments and what is required for successful program development. Steve’s responsibilities include strategic planning and program extension development.

Deal Notes

Class D Units

Price per Unit: $2.80

Amount Raised : $30,125
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Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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