ApparelTech
People of Color
Sene
Retail brand using artificial intelligence to deliver affordable custom clothing
Lawndale,
CA
Investment type:
Equity
(Preferred Equity (Seed-2))
Target raise:
$175,000
- $2,000,000
Minimum investment:
$1,000
$1,000
End date:
Jan 15, 2022
Jan 15, 2022
ended
Share
Highlights
- Over $4.3M in total revenue since company relaunch (May 2019 to Oct 2021), with under $800K of outside capital raised (unaudited)
- Achieved over $3.9M revenue run rate since end of Q2 2021 (July to October), with a 17% MoM average growth in 2021 (unaudited)
- Achieved 12% e-commerce refund rate in TTM (October 2020 to September 2021), which is up to 3x better than industry average of 30% (according to Shopify)
- Key investors include CEO of United Entertainment Group, former Head of Strategy of Nike, former Chief Digital Officer and SVP of Connected Devices at Under Armour, and Chief Creative Officer of Petrol
- Board of advisors include Adidas’s former Chief Supply Chain Officer, IDEO’s former Managing Director, and Alexander Wang’s former CMO