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RedThread isn't accepting new investments

RedThread’s deadline was February 16, 2023

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Logo of RedThread

RedThread

Custom-fit clothing made to your measurements in one week, from just 2 photos
D2C Women Founders Fashion
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Featured image of RedThread
$126,073
Raised
217
Investors
Successfully funded and closed on February 16, 2023.
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Closed on February 16, 2023. Information may not be up-to-date. Campaign closed on February 16, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Team Summary
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Red Thread Labs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
RedThread Crowd SAFE Red Thread Labs Form C.pdf
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Hear from some of the 217 people reserved or invested in RedThread


Show more

Highlights


$1M+ raised
Company has previously raised over $1M in capital
  • Patent-pending technology to make custom-fit clothes from 2 photos
  • 40% sales growth CAGR year-to-date with 2x return on marketing spend
  • Clear path to profitability in 2023 & $100M in revenue by 2030*
  • Powerful "Size Me" body positive brand to celebrate individuality
  • Loyal fans with 50% repeat purchases and low 8% return rate
  • Experienced team with proven track record in growing disruptive brands
  • Vision to become the most sustainable apparel brand for every body

* Click here for important information regarding Financial Projections which are not guaranteed.

Problem


The pant fit problem
x 30M women

33M U.S. women
35–70 years old
$100K+ HH Income
X
90% struggle to find pants that fit

=

30M frustrated women
20% – 40% online return rate, with fit as #1 reason for returns 


The Culprit:
Standard Sizes

  • Women's bodies are not standard.
  • Sizes are not standard across brands.
  • Over-production of apparel size runs end up in landfills.

Solution


The RedThread solution: Custom fit from two photos

We make high quality, custom-fit wardrobe essentials to your exact measurements, from just two photos, and ship them to your door in one week.

—
"Size Me" Brand Platform

Our heroic "Size Me" brand platform rejects outdated body standards and celebrates Fearless Females, the new generation of women who break the rules and pave their own way.

—
Beyond the Perfect Fit Black Pant

We started with the goal to create the Perfect Fit Black Pant for $148 that is flattering, comfortable, and versatile. We are now expanding to beautifully-made, sustainably sourced, capsule pieces that every woman needs in her closet.

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Product


Custom fit is now easy, fast, and affordable

Until now, custom-fit clothing has been time-consuming, expensive, and requires a measuring tape. Our AI tech-powered shopping experience enables women to create their perfect custom-fit in 3 easy steps, without leaving the house.


Patent-Pending Technology and Supply Chain


We invented a patent-pending data algorithm and scalable USA supply chain to create custom-fit clothing in one week, which is the fastest in the industry.


We Are the Fit Experts


Through 5 years of development and testing, we have incorporated millions of data points and client feedback to perfect our patent-pending algorithm and scalable, on-demand sewing operations.

Traction


Our incredible
initial metrics

We have built a strong sales foundation and high repeat purchase with only 9 styles. Our loyal clients want more, and now is the time to grow our product line and scale.


 Financial Projections*


Based on our year to date +40% CAGR, as we invest in new pieces in 2022, we are on track to hit $1M in sales in the next 12 months, become profitable in 2023, and achieve $100M in revenue by 2030.

* Click here for important information regarding Financial Projections which are not guaranteed.

Customers


Our customers
are true fans

We are focused on an underserved customer: high-income women over 35, whose bodies have changed and they are seeking out high quality, great-fitting pieces that last. We deliver an exceptional, personalized, product experience that meets women where they are and creates loyal fans, with a repeat purchase rate of 50%. 

"The Perfect Pair of Pants."
Wired

"SF Brand RedThread Nails the Perfect-Fitting Pant."
San Francisco Chronicle

"The Future of Fashion."
Fashionista

"RedThread is changing the paradigm."
Forbes

—

Business model


68% gross margins

with 50% repeat rate and only 8% returns

Our proven business model, with strong repeat rate, high margins, and diversified revenue streams, is ready to scale. 

Market


Market and consumer trends are fueling our growth

We are competitively positioned at the intersection of the fastest growing consumer trends in the $180B U.S. women's apparel market: sustainability, hyper-personalization, and body positivity.

Competition


What makes us different

  • Your most flattering pieces, ever
    • Custom-made for your perfect fit
    • Fit guarantee + free alterations for life
    • Low 8% return rate

  • Easy shopping experience

    • Ships in 1 week
    • Only 2 photos—no measuring tape!

  • Proprietary Technology and USA Supply Chain
    • Patent-pending fit algorithm
    • Scalable zero-waste USA sewing studio

Vision and strategy


We will become the most sustainable apparel brand in the world that fits all bodies

Our patent-pending technology and scalable sewing operational model creates sustainable, custom-fit clothing with zero waste. We are five years ahead of leading apparel brands, who are struggling to solve the fit issue, making us a natural acquisition target. 

We are building a disruptive brand similar to:

Impact


Our mission

1. Help all Women Feel Confident in their bodies by making it fast, easy, and affordable to get custom-fit clothing that fits perfectly.

2. Reduce Apparel Waste by becoming the most sustainable apparel brand in the world with our scalable, zero-waste, USA sewing studio and sustainable sourcing.

Funding


Growth capital will scale our proven business model

To date, we've raised $1.2M in capital from independent angel investors, most of whom were customers, which was spent to build the company operations, brand, technology, and initial product line. For this capital raise, the money will be invested in new product development to drive repeat purchase and broaden our customer base.

Team


Meghan Litchfield

CEO & Founder

Meghan has 20+ years experience in ecommerce, retail, fashion, and technology, with a proven track record of growing powerful brands. She founded RedThread in 2018 after her own frustration with finding beautiful, well-made clothes that fit her well. Prior to starting RedThread, she was the VP of Ecommerce & Digital at GoPro, where she played a key role in growing company sales from $200M to $1.2B in 5 years. She spent her career running strategy and digital at brands like Banana Republic, art.com, Chrome Bags, and started her career at Deloitte Consulting. She is currently a Board advisor at KEEN Footwear.

Sonia Martin

Designer and Creative Consultant as CEO and Founder of BREW Creative

Sonia has more than two decades of experience influencing and shaping fashion brands. She has led design teams at Abercrombie + Fitch, Juicy Couture, Banana Republic, and most recently, Everlane. At Everlane, she advanced the brand’s commitment to sustainable fashion, social justice, and established the company’s fashion methodology: commitment first, responsible design, conscious growth.

As the Founder and CEO of Brew Creative agency, Sonia has partnered with the RedThread team to lead apparel design and creative direction. Her inaugural collection will be launched in Fall of 2022.

Summary


Join us in transforming the outdated apparel industry

The antiquated, wasteful apparel industry is ripe for disruption and we are leading the revolution to help all women feel great in their perfect-fit clothing and to reduce apparel waste for good. 

We have built a strong business foundation with our patent-pending technology, loyal client base, and initial product offering. Now is the time to expand. Join us!

Deal terms


Valuation cap

$9,000,000

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

Discount

15%

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

Minimum investment

$150

The smallest investment amount that RedThread is accepting.
Learn more

Maximum investment

$500,000

The largest investment amount that RedThread is accepting.
Learn more

Funding goal

$1.07M

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

Deadline
RedThread 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

Nominee Lead

Chief Executive Officer of RedThread Labs Inc. (currently Meghan Litchfield)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

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

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in RedThread.
Invest
$1,000
Receive
  • 15% Lifetime RedThread Discount
Invest
$5,000
Receive
  • 15% Lifetime RedThread Discount
  • Annual RedThread gift
Invest
$10,000
Receive
  • 20% Lifetime RedThread Discount
  • Annual RedThread gift
  • Invitation to the Founder's Forum to preview new designs
Invest
$25,000
Receive
  • 20% Lifetime RedThread Discount
  • Annual RedThread gift
  • Invitation to the Founder's Forum to preview new designs
  • Early access to try new pieces pre-launch
Invest
$50,000
Receive
  • 20% Lifetime RedThread Discount
  • Annual RedThread gift
  • Invitation to the Founder's Forum to preview new designs
  • Early access to try new pieces pre-launch
  • Exclusive invitation to our annual Fearles Females Forum in beautiful Lake Tahoe
Invest
$100,000
Receive
  • 20% Lifetime RedThread Discount
  • Annual RedThread gift
  • Invitation to the Founder's Forum to preview new designs
  • Early access to try new pieces pre-launch
  • Exclusive invitation to our annual Fearless Females Forum in beautiful Lake Tahoe
  • Create your own one-of-a-kind custom design to considered as part of our line

About RedThread

Legal Name
Red Thread Labs, Inc.
Founded
Jul 2018
Form
Delaware Corporation
Employees
4
Website
redthreadcollection.com
Social Media
Headquarters
Google Map location of of RedThread
801 Bridge Street Unit D , Reno, NV
Headquarters
801 Bridge Street, Unit D, Reno, NV, United States 89439

RedThread Team
Everyone helping build RedThread, not limited to employees

Profile picture of Meghan Litchfield
Meghan Litchfield
Founder
Profile picture of Sonia Martin
Sonia Martin
Designer and Creative Consultant
Profile picture of Robyn LeMessurier
Robyn LeMessurier
Fit Analyst
Profile picture of Kerrie Hogueison
Kerrie Hogueison
Client Services and Operations
Profile picture of Evan Peterson
Evan Peterson
Digital Marketing and CRM
Profile picture of Matt Chappell
Matt Chappell
Web Design and Branding
Profile picture of Robert Frank
Robert Frank
Advisor, Former EVP at Gap Inc.
5 more team members
Meghan Litchfield
Founder
Sonia Martin
Designer and Creative Consultant
Robyn LeMessurier
Fit Analyst
Kerrie Hogueison
Client Services and Operations
Evan Peterson
Digital Marketing and CRM
Matt Chappell
Web Design and Branding
Robert Frank
Advisor, Former EVP at Gap Inc.

Press

Someone 2 Know: Meghan Litchfield
2 News KTVN
·
May 5, 2022

Like so many business owners over the past two years, our Someone 2 Know made some big changes during the pandemic. Last ...

Truckee woman is changing the fashion industry
Sierrasun
·
Apr 8, 2022

"It's not you, it's the clothes." That's what Meghan Litchfield, Founder and CEO of RedThread says. Litchfield has decade...

Atlanta Native Creates Custom Fit Clothes Using 3D Techno...
Cbslocal
·
Apr 15, 2021

SANDY SPRINGS, Ga. (CW69 News at 10) - Local resident Teresa Kennedy likes shopping online, especially now that there's a...

The Perfect Pair of Pants Is Just a 3D Body Scan Away
Wired
·
Feb 28, 2019

Standard sizing, as we know it today, didn't exist before the 20th century. People wore clothes they made themselves or c...

Is Made-to-Measure Clothing the Future of Fashion?
Fashionista
·
Dec 21, 2018

While the fashion industry has made strides in 2018 towards more size-inclusive and sustainable practices, consumers are ...

RedThread Envisions a World Without Sizes
WWD
·
Oct 31, 2018

RedThread wants to be the first women's apparel brand to eliminate sizes with patent-pending technology that enables the ...

A better fit: Online retailers create custom clothes for ...
San Francisco Chronicle San Francisco Chronicle
·
Oct 28, 2018

After she had her second child, Meghan Litchfield had trouble finding clothes the right size. A former Gap strategy manag...

Local fashion company 'RedThread' making women feel confi...
https://www.kolotv.com

RENO, Nev. (KOLO) - A local fashion business is making staple clothing pieces that are made just for you. 'RedThread' cam...

Ex-GoPro exec launches clothing startup that does away wi...
TechCrunch

Finding clothes that are the right fit can be a laborious, psychologically challenging experience. RedThread, a custom cl...

Creating Personalized Retail Customer Experiences With Re...
Forbes

A new company is getting rid of standard sizing to create personalized, tailored clothing items designed to fit each cust...

How This Custom-Fit Clothing Company Eliminates Textile W...
Forbes

As ongoing conversations around climate change, carbon footprints and sustainability consume business decisions, the fash...

Show all
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RedThread

RedThread successfully raised $126,073 from 217 investors on February 16, 2023
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