Hemster

Hemster

Hemster brings perfect fit to you with our next-gen tailoring services

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Security Type
SAFE
Categories
Consumer Goods & Products
Min Investment
$100
Location
San Francisco, CA
Offering Date
July 03, 2018
Expected Close Date
January 01, 2018
Target Raise
$50.00K-$1.07M
Deal Notes
  • Type of security: Crowd Safe
  • Minimum investment: $100
  • Funding goal: $50,000 – $1,070,000
  • Discount: 0%
  • Valuation cap: $5,000,000

Company Description

By streamlining the tailoring process, Hemster creates an arbitrage between what we charge customers (retailers and shoppers) and what we pay the tailors. Our revenue streams come from providing our tailoring services at retail locations and residential properties.

Perks

Invest $500 - Shoutout on our newsletter
Invest $1,000 - Shoutout on our newletter &
Featured on Hemster website as investor
Invest $5,000 - Shoutout on our newsletter, featured on Hemster website and video call with the founder

Key Deal Facts

230+% quarter over quarter growth since launch in 2017
Customers include Zara, Michael Kors, Club Monaco, Outdoor Voices, Reformation, and Bonobos
400 grade A shopping centers in launch waitlist through partnerships with Westfield, Simon, Macerich, and GGP
Each order has a high margin
Founder previously grew IOT company from $20K to $10M as Head of Monetization
$250k raised to date from top angel investors in retail, real estate and local commerce
Patent-pending solution to customize ready wear at scale
XRC Labs W18 Cohort 5 batch alumni

Use of Proceeds

  • Intermediary fees
  • Campaign marketing expenses
  • Estimated attorney fees
  • Estimated accountant fees
  • General marketing
  • R&D
  • Manufacturing
  • Equipment purchases
  • Future/accrued wages
  • Repayment of debt
  • Repayment of obligations in arrears
  • General working capital

Management Team / Advisory Board Bios

Allison Lee
Founder
Berkeley grad, grew the last company from $20K to $15M in a year

Angela Hung
Head of Retail
Retail expert with global corp and high end boutique experience

Deal Notes

  • Type of security: Crowd Safe
  • Minimum investment: $100
  • Funding goal: $50,000 – $1,070,000
  • Discount: 0%
  • Valuation cap: $5,000,000
Amount Raised : $173,579
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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