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BAOBAB isn't accepting new investments

BAOBAB’s deadline was April 16, 2021

Follow the company to stay updated on their progress, including future investment opportunities


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Logo of BAOBAB

BAOBAB

Disrupting the retail industry starting with the polo shirt
Black Founders B2C Apparel & Accessories
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Featured image of BAOBAB
$103,459
Raised
292
Investors
Successfully funded and closed on April 16, 2021.
Invest in BAOBAB
Pitch Updates 12 Reviews 84
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Closed on April 16, 2021. Information may not be up-to-date. Campaign closed on April 16, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Baobab Clothing Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
BAOBAB Crowd SAFE
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Hear from some of the 292 investors in BAOBAB


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Highlights


$250K+ revenue
Company had over $250K in revenue in the past 12 months
  • Versatile, durable, and sustainable polo shirt brand
  • 800% revenue growth in 2 years; 150+ 5 star reviews
  • Awarded “Best New Polo Shirt of the Season” by Men’s Journal
  • 35% customer repurchase rate & 87% of those buy multiple shirts
  • Innovation Award for No Curl Stay Flat Collar™
  • Proprietary fabrication process BAOTECH™
  • Featured on ABC’s "Shark Tank," Yahoo Finance, Heavy, Bleu Magazine

Problem


Menswear lacks quality 

It is hard to find brands that make clothes with consistent quality year after year that do not shrink, fade, stain or quickly lose shape.


Solution


BAOBAB: A consumer-centric digitally native company

BAOBAB provides unparalleled quality apparel at affordable prices for the modern professional with a priority on providing our customers with the best possible shopping experience. 

Product Quality

Our mission is to create undeniably better products with superior quality, design, functionality and value.  BAOBAB has a product development process that involves surveying our customers to identify the problems they have with a specific product, and designing a solution that is tested among our core demographic. 

Product


The polo shirt reimagined

BAOBAB is a DTC luxury apparel company developing staples for everyman’s wardrobe that are undeniably better. 

The Perfect Polo was our initial product, which combines versatility and durability with sustainability. These shirts can be worn 10-12 times before washing and our proprietary BAOTECH nanotech fabrication process ensures that our shirt is resistant to stains, odors, wrinkles, fading, collar curling and fabric shrinking.

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Traction


We have sold out 3 times since 2019

Due in large part to word of mouth, BAOBAB has increased sales by 800% in 2 years with a single product. We have sold out 3 times since 2019.  In 3 short years we have expanded our customer base to 3,124 and counting in 22 countries with our largest markets in the US, Canada, and Australia. 

Our customers love for this product can be shown in the numbers. We've earned a 35% customer repurchase rate with 87% of those customers buying multiple shirts. Add to that 150+ 5 star reviews.             

BAOBAB has been featured in some top publications including Men’s Journal as “Best New Polo Shirt of the Season”.  We also received an Innovation Award for the No Curl Stay Flat Collar™.  

Customers


For the discerning man who appreciates quality

Our customer is the modern professional man.  He is willing to pay for the best, but demands a product of value, quality and durability. The busy lifestyle he leads leaves little time for ironing or laundry. He wants to choose an outfit from his closet and be ready to go. Style is important to him, but he knows that clothing should be more than just fashion, it should be functional and comfortable as well.  

He is more than just our customer, he is our partner.  We ask and listen to his pain points and desires. Our response is to design a product that solves those problems. It is this relationship with our customer that has lead to our success.

Business model


Digitally native consumer-centric brand

E-commerce is on the rise, but there are still problems with the current shopping experience. Revenue reducing infrastructure problems and poor customer experiences due to outsourced teams prioritizing major corporations are at the top of that list. BAOBAB is developing a new e-commerce model that will disrupt the industry: a digitally native consumer centric brand with a sustainable 360 ecosystem.

Vertical Integration

BAOBAB is a direct to consumer company. In order to maximize long term revenue and ensure a positive customer experience, we are keeping distribution, marketing and customer support in-house. 


Market


Menswear will exceed $33B by 2022

The menswear industry is growing 3.02% YoY and is expected to exceed $33B by 2022. The polo shirt is one of the most popular mens’ clothing items. We expect to reach male shoppers as well as their female partners, looking to buy a sustainable, lasting product.

Competition


The alternative to traditional luxury menswear

BAOBAB offers a smart alternative to the standard luxury menswear. Our products are not only more cost-effective and durable, they are also produced sustainably. Unlike our competitors, we do not arbitrarily mark up our prices based on brand, but rather provide high-quality clothing that fits their everyday needs.

An alternative to traditional e-commerce

BAOBAB is disrupting the e-commerce experience, acknowledging the issues with traditional retail and driving change to improve the online shopping experience. BAOBAB is able to maximize revenue and ensure a positive customer experience by owning the distribution, while bringing marketing and customer support in-house.


Vision and strategy


Driving sustainable change  


We are challenging incumbent menswear companies by providing an undeniably better alternative to one of the most popular men's fashion items. As we continue to grow our business, we look to expand our product line, develop additional retail partnerships in key markets and internally maintain our production and distribution channels. We also aim to grow our BAOTECH process to launch sustainable women's, children's, home and face and body products.

The future of retail starts with "multi-use distribution hubs."

Gone are the days when you open a store and expect customers to walk in and make purchases as the main source of revenue. By 2024, we plan to own our distribution network and utilize the space for product development, delivery, and photography. We anticipate utilizing a traditional retail space where customers can come in and try on, feel and test our products.


Founders


Founded by

BAOBAB Clothing was founded by long-time friends Marcellus Alexander III and Brandon Davenport. The two were frustrated and annoyed with high-priced clothes that didn’t last after a few wears and washes.

Marcellus and Brandon are proud graduates of Hampton University and Morgan State University respectively. At the forefront of BAOBAB’s mission is to create a more equitable business landscape for all.

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for BAOBAB occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that BAOBAB is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
BAOBAB needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Baobab Clothing Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
BAOBAB Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in BAOBAB.
Invest
$100
Receive
  • 10% off next order
Invest
$250
Receive
  • $25 BAOBAB Gift Card
Invest
$500
Receive
  • $50 BAOBAB gift card
Invest
$1,000
Receive
  • $50 BAOBAB gift card
  • 10% off all purchases for 1 year
Invest
$2,500
Receive
  • $100 BAOBAB gift card
  • 10% off all purchases for 1 year
  • Invite to 50 minute quarterly update call
Invest
$5,000
Receive
  • $100 BAOBAB Gift card
  • 10% off all purchases for 1 year
  • Invite to 50 minute quarterly update call
  • Instant invite to BAOBAB Platinum Status. Includes free shipping and exclusive invite to purchase new product releases
Invest
$10,000
Receive
  • $100 BAOBAB gift card
  • 10% off all purchases for 1 year
  • Invite to 50 minute quarterly update call
  • Instant invite to BAOBAB Platinum Status. Includes free shipping and early invite to purchase new product releases
Invest
$25,000
Receive
  • $250 BAOBAB gift card
  • 15% of your next order
  • Invite to 50 minute quarterly update call
  • Instant invite to BAOBAB Platinum Status. Includes free shipping and exclusive invite to purchase new product releases
Invest
$50,000
Receive
  • $500 BAOBAB gift card
  • Invite to 50 minute quarterly update call
  • Instant invite to BAOBAB Platinum Status. Includes free shipping and exclusive invite to purchase new product releases
  • Lifetime 10% discount on all online orders
  • Dinner with founders
  • Have a 1:1 virtual strategy session with Founders
Invest
$100,000
Receive
  • $1,000 gift card
  • Invite to 50 minute quarterly investor update call
  • Instant invite to BAOBAB Platinum Status. Includes free shipping and exclusive invite to purchase new product releases
  • Lifetime 10% discount on all online orders
  • Dinner with founders
  • Have a 1:1 virtual strategy session with Founders
  • Help create a new shirt color
  • Meet and greet with founders anywhere in the world (paid travel and 2-day lodging)
  • Invitation to board of advisors

About BAOBAB

Legal Name
Baobab Clothing Inc
Founded
Nov 2016
Form
Delaware Corporation
Employees
2
Website
baobabclothing.com
Social Media
Headquarters
Google Map location of of BAOBAB
25 WEST 132ND STREET , New York, NY
Headquarters
25 WEST 132ND STREET, New York, NY, United States 10037

BAOBAB Team
Everyone helping build BAOBAB, not limited to employees

Profile picture of Brandon Davenport
Brandon Davenport
Founder
Profile picture of Marcellus  Alexander III
Marcellus Alexander III
Founder
Brandon Davenport
Founder
Marcellus Alexander III
Founder

Press

Fashion Brands Making Cloth Masks You Can Buy Now
Harper's BAZAAR Harper's BAZAAR
·
Oct 19, 2020

This spring, international design houses incited headlines for flipping their ateliers into manufacturing hubs for medica...

After 'Shark Tank' Appearance Ends Without A Deal, Baobab...
Inquisitr Inquisitr
·
Jul 24, 2020

Baobab may have left without a deal, but the polo shirt-making company has found another business opportunity in the wake...

How this polo shirt business is coping with the coronavirus
Yahoo Yahoo
·
Feb 27, 2020

Businesses big and small are facing pressure from the coronavirus, as many grapple with supply chain issues. Baobab Polo ...

BAOBAB on 'Shark Tank': 5 Fast Facts You Need to Know
Heavy.com Heavy.com
·
Oct 14, 2019

BAOBAB is a polo shirt business founded by Brandon Davenport and Marcellus Alexander III. They will be appearing on Shark...

Baobab Polo Shirts
Shark Tank Blog Shark Tank Blog
·
Oct 10, 2019

When Brandon Davenport and Marcellus Alexander III first started a business back in 2007, they probably never envisioned ...

The Best New Men's Polo Shirts to Wear This Summer
Men's Journal Men's Journal
·
May 22, 2019

We'll tell you something you probably already know: Polo shirts aren't just a uniform for the golf course. The simple thr...

Logo of BAOBAB

BAOBAB

BAOBAB successfully raised $103,459 from 292 investors on April 16, 2021
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Rob, Jo, Flomo, Dottis, Hearther, and 287 others invested. 84 Reviews
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