Comrad

Socks Reinvented: Premium compression socks designed for comfort and performance

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Security Type
Crowd SAFE
Min Investment
$100
Location
CLAYMONT, DE
Offering Date
August 25, 2022
Expected Close Date
December 26, 2022
Target Raise
$25.00K-$1.07M
No. Investors
161
Security Price
$1
Website
comradsocks.com
Number of Employees
7
Cash
$414,282
Revenue
$4,297,364
Short Term Debt
$3,878,132
Cost of Goods
$946,144
Long Term Debt
$649,533
Net Income
$-1,644,286

Key Deal Facts

Pioneer in premium compression socks designed for everything and anyone
Meeting a true health need with innovation in compression and materials
Worn by: Olympic athletes, doctors + nurses, Michelin-star chefs, and more
Led by a proven CEO/Founder with 3 exits in e-commerce and apparel space
223% annual revenue growth since launch (FYE2018 to FYE2021)
On a $10M revenue run-rate as of Q2 2022 and first-order profitable
$100K+ in socks donated to frontline workers

Perks

Invest
$250
Receive
A one-time 20% off code at comradsocks.com

Invest
$500
Receive
A one-time 25% off code at comradsocks.com

Invest
$1,000
Receive
A one-time 25% off code at comradsocks.com
Comrad Starter Pack - 4 pairs of our best-selling socks ($125 Value) + limited edition hat

Invest
$5,000
Receive
A one-time 25% off code at comradsocks.com
Comrad investor welcome package ($150 value) + limited edition hat.

Invest
$10,000
Receive
A one-time 25% off code at comradsocks.com
Investor welcome package ($250 value) + limited edition hat
Inclusion on early access product launches and special events

Invest
$25,000
Receive
A one-time 25% off code at comradsocks.com
Introductory call with Comrad’s CEO
Investor welcome kit ($250 value) + limited edition hat
(3) Holiday gift packages shipped to friends/family of your choosing
Access to private VIP investor email updates and events

Invest
$50,000
Receive
A one-time 25% off code at comradsocks.com
Introductory call with Comrad’s CEO
Investor welcome kit ($250 value)
(6) Holiday gift packages of socks shipped to friends/family of your choosing
Access to private VIP investor email updates and events
Limited (3 left of 3)

Invest
$100,000
Receive
A one-time 25% off code at comradsocks.com
Introductory call and lunch with Comrad’s CEO
Investor welcome kit ($250 value)
(12) Holiday gift packages of socks shipped to friends/family of your choosing
Access to private VIP investor email updates
Socks for life. We will ship an annual supply of Comrad socks to you every year
Limited (2 left of 2)

Management Team / Advisory Board Bios

Andrew Ferenci
Founder & CEO

Chris Slover
Operations

Miles Tomlinson
Marketing

Heather Kunert
Customer Experience

Christian Schrader
Product

Tauni Western
Community & Influencer

Meghan Wynne
Growth

Alexi Curelop
Design

Kimberly Tobman
Advisor, Omnichannel Executive

Paul Zaengle
Advisor, Ecomm & Retail Executive

Lauren Klienman
Advisor, CPG Founder & Operator

Karlie Kloss
Advisor, Supermodel & Entrepreneur
Amount Raised : $82,497
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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