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Security Type
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Common Stock
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Categories
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Retail
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Min Investment
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$250
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Offering Date
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July 26, 2021
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Expected Close Date
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January 26, 2022
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Target Raise
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$10.00K-$1.07M
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Security Price
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$1
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Valuation
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$8,000,000
Company Description
Known for our development of high performance proprietary fabrics and an unabashed approach to modern design and use of color, we make functional sportswear engineered for the exceptional. Focused on the future of fitness - where tailored-for-you form, and high-performance function intersect, we are committed to making this world a better place by revolutionizing the fitness apparel industry and creating meaningful connections in the health and fitness community.
Key Deal Facts
Gained substantial traction since launched in mid-2020: $500k gross revenue to date, #1 US Google search result for high performance athletic wear & 1000+ 5 star customer reviews, featured on Mens Health, Shape, Forbes, USA TODAY.
Activewear has huge market potential and has enjoyed a strong 2020 in terms of revenue growth. Centric is poised for expansion in the premium athleisure apparel market.
Established partnerships with reputable third party retailers such as MGM Resorts, Touch of Modern, Wantable, FutureProper, and Outdoorly.
We continue to see strong growth opportunities in the collaboration partnerships with other retailers.
Management Team / Advisory Board Bios
Ryan Hoang, Chief Product Officer, CEO & Co-Founder
Ryan Hoang honed his apparel industry expertise as fashion marketer and fitness model before launching his own label. He gleaned insights into the multi-faceted operations of an apparel company while working at New York fashion houses Escada and Staff International (D-squared, Diesel). Ryan learned every aspect of manufacturing - from design to sampling to production - while also building a grassroots marketing strategy for Centric and growing his own personal brand.
Winny Budiman, CFO & COO
Winny Budiman channels her background in engineering and finance. From her days at JP Morgan Asset Management, to her current role overseeing the inner workings of an apparel startup, Winny brings an analytical, data driven approach to problem solving and daily operations. The young entrepreneur received a Master of Finance from MIT, and quickly climbed the ranks of JP Morgan Institutional Strategy & Analytics team to become a VP in only five years. There, she spearheaded asset allocation strategies and advisory for many of the firm's Fortune 100 institutional clients before joining Centric leadership full time.
