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BAOBAB

Operating

Baobab Clothing Inc

Retail & Consumer · Product · New York, NY · Founded 2016

Minority-founded

Disrupting the retail industry starting with the polo shirt

Valuation cap ⓘ
$8.0M
As of Apr 2021 · from Reg CF Offering (2020) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$119,159
Crowd $104K · Private $15K · 2 rounds since 2018

Financials

FY2018–FY2020 · from SEC filings · hover any figure for its source
$32K
−$16K
2018
$248K
$29K
2019
$340K
−$137K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed
FY2020
Income statement
Revenue
$31,668
$247,586
$340,297
Cost of goods sold
$19,375
$81,370
$178,181
Gross margin
39%
67%
48%
Net income
-$15,651
$29,398
-$136,821
Taxes paid
$0
$11,985
$0
Balance sheet
Cash
$4,687
$89,774
$8,414
Accounts receivable
$0
$0
$22
Total assets
$4,687
$108,507
$292,790
Short-term debt
$4,772
$79,194
$97,963
Long-term debt
$15,000
$15,000
$247,700
Total liabilities
$19,772
$94,194
$345,663
Other
Headcount
—
2
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$8.0M
Valuation cap
Reg CF · SAFE · Oct 2020

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Share counts as of Dec 31, 2019
ClassOutstandingVotes / shareShare of totalLast price
Common Stock10,000,000—100.0%—

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · Oct 2020Closedvia Republic
Raised $104.2K / $1.1MInvestors 295Valuation cap $8M

Team

2 people
/s/ Brandon DavenportFounder
Co-Founder, Director
/s/ Marcellus Alexander IIIFounder
Co-Founder, Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 6 annual reports (FY2020–FY2025)

295 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARMay 3, 20210001062993-21-003980
    EDGAR
  • Form C-UApr 19, 20210001827319-21-000001
    EDGAR
  • Form COct 13, 20200001827319-20-000002
    EDGAR
Source: ManualCIK 0001827319DE

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.