October 23, 2020
Uncategorized

DSTLD Looks to Second Crowdfunding Round, Plans Pop-Up

Hollywood contemporary denim brand DSTLD is going back to the masses in hopes of raising more capital.
DSTLD (pronounced “distilled”), armed with confidence following the close of $1.7 million through equity crowdfunding, is now looking to raise more money to fuel its growing apparel range for men and women and interest in opening showroom concepts.
That initial funding round, which closed in February, came from more than 1,700 people and has seen the company notch growth in sales. By June 2016 the business had lifetime revenue of $3.3 million and that was up to $9.1 million as of June of this year.
“We were kind of guinea pigs with Regulation A+ at the time when we decided to move forward with it. We’re happy that we made that move and we will continue to use that strategy to grow the brand,” said DSTLD cochief executive and creative director Corey Epstein. “This will be our second round so it should be easier than the first time.”
Regulation A+, which some have called a mini-IPO, allows companies under Title IV of the JOBS Act to give the public a chance to invest in a company. Businesses are thus able to bypass what’s more commonly seen as

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