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Security Type
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SAFE
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Categories
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Consumer Goods & Products
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Min Investment
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$100
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Location
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San Francisco, CA
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Offering Date
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July 03, 2018
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Expected Close Date
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January 01, 2018
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Target Raise
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$50.00K-$1.07M
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Deal Notes
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- 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