Teespring is a crowdfunding custom apparel site that allows users to design their own t-shirt, set a sales goal, and once they have met the goal the t-shirt gets printed. This concept eliminates up-front costs and leftover shirts by having buyers pre-order their shirts online. Teespring is definitely a company to watch, they have recently raised a $20M Series A round from Andreessen Horowitz at $7.27 per share, valuing the company at $94M. We have included the Restated Certificate of Incorporation filed on December 23, 2013 as well as the deal terms of the financing round.
|Teespring is an online marketplace
to create and sell custom t-shirts. Teespring is designed to eliminate
up-front costs and leftover shirts by having buyers pre-order their
shirts online, essentially crowdfunding custom apparel.
• Address: 3 Duval Square, Suite 300B, Providence, RI 02903
• Geographic Region: New England
• Industry: Retailing/Distribution, IT Services
• SIC Codes: 5961 - Catalog and Mail-Order Houses
• NAICS Codes: 454111 - Electronic Shopping
• Company Website: http://www.teespring.com
• Walker Williams - Co-Founder, Co-President, Director
• Evan Stites-Clayton - Co-Founder, CTO, Director
• William F. Cesare - Co-President, Director
• Lars Dalgaard - Director (Andreessen Horowitz)
• Samuel Altman - Director
• Andreessen Horowitz LLC
Most Recent Financing Round
|Date||Investment Amount||Valuation||Est. Fully Diluted Shares||Preferred Price Per Share|
Liquidation Multiple: 0-1x
Anti-Dilution: Weighted Average
Cumulative Dividends: No
|Dividend Rate: 5%
Pay to Play: No
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