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Suitable Inc

Beauty & Fashion · Fashion & Apparel · Founded 2015

Custom clothing made accessible for everyone through its SmartFit platform

Post-money valuation ⓘ
$12.5M
As of Jan 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,109,100
Crowd $519K · Private $590K · 3 rounds since 2019
Latest share price
$0.524
Reg CF · Preferred Stock · Nov 2021 offering price

Financials

FY2017–FY2023 · from SEC filings · hover any figure for its source
$228K
−$314K
2017
$329K
−$291K
2018
$689K
−$27K
2019
$1.1M
−$226K
2020
$6.3M
$1.3M
2021
$10.3M
−$62K
2022
$0
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 reviewed*
FY2018 reviewed*
FY2019 reviewed
FY2020 reviewed
FY2021 unaudited
FY2022
FY2023
Income statement
Revenue
$228,149
$328,583
$689,176
$1,146,666
$6,295,292
$10,325,384
$0
Cost of goods sold
$84,796
$127,964
$175,348
$475,150
$3,248,698
$3,701,450
$0
Gross margin
63%
61%
75%
59%
48%
64%
—
Net income
-$313,690
-$291,336
-$26,880
-$225,799
$1,287,023
-$61,922
$0
Taxes paid
$0
$0
$0
$0
$14,634
$3,934
$0
Balance sheet
Cash
$291,301
$39,370
$108,020
$140,486
$519,588
$196,080
$0
Accounts receivable
$0
$0
$1,907
$0
$0
$0
$0
Total assets
$279,294
$53,527
$209,816
$267,315
$296,768
$913,159
$0
Short-term debt
$73,969
$107,809
$222,306
$234,000
$941,595
$1,601,450
$0
Long-term debt
$134,263
$26,454
$0
$144,903
$148,618
$1,750,068
$0
Total liabilities
$208,232
$134,263
$222,306
$378,903
$1,090,213
$3,351,519
$0
Other
Headcount
—
2
4
7
7
7
7

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

Pre-money — the valuation set before each round’s money came in
$12.0M
pre-money
Reg CF · Preferred · Nov 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$0.524$0.262$0.2581
Oct 2019Nov 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, Dec 30, 2024

  • Raymond Li50.2%of company
  • Mark Zheng25.5%of company

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

Raised $590KInvestors 5
Raised $294.9K / $535KPost-money $12.5M
Raised $224.2K / $952K

Team

2 people
Raymond LiFounder
Founder & Chief Executive Officer
Mark Zheng
President

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 requiredFiled Form C-TR (terminated reporting)

Filed 5 of 7 annual reports (FY2019–FY2025)

5 investors
holder-count proxy

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

  • Form DMar 3, 20250001080368-25-000006
    EDGAR
  • Form C-TRDec 30, 20240001788590-24-000006
    EDGAR
  • Form C-ARDec 30, 20240001788590-24-000004
    EDGAR
  • Form C-ARApr 25, 20240001788590-24-000001
    EDGAR
  • Form C-ARApr 20, 20220001788590-22-000004
    EDGAR
  • Form C-UJan 19, 20220001788590-22-000001
    EDGAR
  • Form CNov 8, 20210001788590-21-000004
    EDGAR
  • Form C-ARJun 21, 20210001788590-21-000001
    EDGAR
Source: ManualCIK 0001788590Share price $0.524

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.