Featured on Technori’s Startup Showcase! 🎉
Campaign extended! 📆
We began our campaign in mid-February and, as we all know too well, the global economy changed very shortly after! Many investors are looking at decisions differently, some pausing on investments completely until they gain more visibility into what their own future holds. Because of these shifts, we consulted with the Republic team and have decided to extend our campaign through September 30th.
We’re a company that’s always been focused on operating leanly and achieving sustainable unit economics, which is proving to be a tremendous advantage during this time.
In case you’re wondering about what this extension means for wearwell’s access to capital, we initiated a rolling close in addition to amending our SEC filing to reflect the new deadline. Because of that rolling close, we’re able to access some of the funds we’ve already raised and put them to work.
Extending the deadline simply provides us more time to raise on the Republic platform and gives investors the ability to consider us as they’re able to begin deploying capital again in the months ahead.
If you are an interested investor, we hope this extended timeline gives you the ability to make that decision when it’s best for you. Let us know what questions we can answer on the discussion board to earn your trust!
Featured on Technori’s Startup Showcase! 📣
Last weekend, we were interviewed by Technori’s Scott Kitun which aired live on WGN Chicago. Scott shared his observations about how the consumer appetite for sustainable clothing is growing more and more, alongside a desire to discover unique and different brands...something that we hear time and again about why our members love us so much!
COVID-19 Update 🌎
We’re running wearwell business as usual when it comes to our customer experience. In recent weeks, we’ve launched a partnership to give $10 for every order of $50 or more to COVID-19 response, accessory bundles that members and non-members can purchase as gifts for April birthdays and pick-me-ups (they’re almost sold out!), and offered gift card promotions.
We’re getting creative with customer acquisition strategies, hatching new co-sales and marketing partnerships with complementary brands, and adjusting some of our operations to be even more lean without sacrificing the customer experience. We’re energized by the opportunities surrounding us and confident that as the crisis evolves, we have the resources and the talent to make it through this and come out the other side stronger!