KD New York

KD New York

The First Fiber Innovation and On Demand Knit Manufacturing Hub in The Bronx

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Security Type
Retail, Manufacturing, Community & Lifestyle
Min Investment
New York, NY
Expected Close Date
April 30, 2023
Target Raise
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Patented plant-based fiber innovations including Vegetable Cashmere®
U.S. Manufacturing headquartered in The Bronx
Public Benefit Corporation committed to Purpose, People, Planet, and Profit
Over 250,000 knits sold globally to 1,000's of retailers since the brand's origination in 1980
Over 40-year legacy with a vertical model: manufacturing, b2b, brick/mortar and b2c
Shared worker and community ownership in the Bronx
Retailer contracts in negotiation with 4 global high profile luxury brands

Management Team / Advisory Board Bios

David Lee Founder/Creative DirectorDavid is a former dancer with the Oakland Ballet Company and Alonzo King LINES Ballet. He founded KD with fellow dancer Tricia Kaye in 1980. For over 40 years, David has created yarns, designs, and manufactured premium knits for the KD brand., Renee Farmer Managing PartnerRenee began her career in fashion design and merchandising for Macy’s, Forever 21 and others. She
has recently worked in investment management for Goldman Sachs and Oberon Securities. She has 24 years in operations, sales, marketing and strategy., Tim Gamory CommunicationsTim is a technologist, strategist, designer, and entrepreneur. Born in the Bronx, Tim has over 25 years of professional experience across multiple sectors. Tim is the CEO of Elevate Digital, a consultancy and web development firm., Jane Roy MarketingJane is a seasoned marketing executive impacting over 30 years of experience leading brand, sales and marketing strategies for clients across CPG, Fashion and Technology., Tanya Travers Project ManagementTanya brings a strong financial foundation combined with creative and communication skills to companies whether they are small or midsize, startups or established, non-profit or for profit. She is a seasoned marketer with over 25 years of experience., Tim Garrabrant Corporate AdvisorTim is an investment banker and consultant with over 35 years of experience. He advises early and growth stage clients developing and executing strategy, growth and capital formation plans., Robin Wagner Product Development/DesignRobin has over 25 years of knitwear design, product development, and merchandising consulting for Anthropologie, ARYSETM, Kevan Hall, American Rag. She consulted for the International Trade Commission-United Nations Peruvian women’s education project, Bob Stewart AccountingBob is the managing and general partner of Celtic Hearts LLC. Until 2021, he was the CEO (since 2018) and CFO (since 2016) of Stoll America Knitting Machinery Inc., the US arm of Stoll Germany, a leader in 3d flat-bed knitting machinery., Nina Nadash Fiber Innovation AdvisorNina brings 25 years of Retail, International Business, Textiles, Sustainability and Marketing. She has an extensive experience in sourcing and supply chain in the home and hospitality textile industry.
Amount Raised : $64,630
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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