Digital Brands Group, the ancestor aggregation to accepted agenda denim brand DSTLD, appear beforehand this anniversary it anchored added than $1 actor in investments afterwards alone bristles canicule into its alive Regulation A attack on crowdfunding belvedere SeedInvest. As ahead reported, DSTLD, which is a absolute to chump appearance characterization the provides high-quality accouterment at lower cost, is now allotment of the Agenda Brands Group. According to the DSTLD / Agenda Brands Group alms circular:
“Our aggregation was aboriginal founded in 2012 (as Denim.LA, LLC) in adjustment to advertise exceptional essentials online, which accommodate jeans, shorts, tops, accessories, and allowance cards. Beginning in 2014, we operated beneath the name DSTLD. Since then, afterward the success of our online fundraising campaigns and chump demand, we accept broadcast our ambition to actualize a portfolio of digital-first brands beyond artefact categories, geographies, and chump demographics. We accept that as we body and buy these brands, we will accept bulk advantage in business and operating through efficiencies and aggregate services. Beneath this new vision, the aggregation will accomplish beneath the name Agenda Brands Group.”
DSTLD claims that in 2016 it became the first-ever appearance cast to accession money through Reg A financing, a area beneath the JOBS Act voted in by the SEC that allows anyone to advance in a clandestine company, not aloof the wealthiest 2%. The aggregation afresh surpassed $15.8 actor in acquirement from over 75,000 customers.
DBG describes itself as a curated accumulating of digital-first affairs brands that brings calm agreeing direct-to-consumer names into one portfolio that shares operational, infrastructure, and abstracts assets as a agency to drive bottomward bombastic anchored costs that are big-ticket to advance and abound for absolute brands. The aggregation planning to barrage a affluence achievement suiting and accouterment brand, ACE Studios, in the fourth division of 2018.
Through the SeedInvest round, DBG is attractive to accession a best bulk of $10 actor application the Reg A crowdfunding exemption. The aggregation has a pre-money appraisal of $35 actor and investors will accept adopted disinterestedness at $0.53 / share. There is a minimum advance of $1500.
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