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UpChoose isn't accepting new investments

UpChoose’s deadline was May 1, 2021

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UpChoose

Reimagining consumption, starting at birth
Reduce, Reuse, Recycle Subscription B2C Kids
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$282,020
Raised
493
Investors
Successfully funded and closed on May 1, 2021.
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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 UpChoose PBC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
UpChoose Crowd SAFE UpChoose Form C.pdf
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Hear from some of the 493 investors in UpChoose


Show more

Highlights


Bootstrapped
High traction without any outside capital
  • Consumer tech platform offering frictionless services for key life moments
  • First product is a sustainable, smart baby clothing service
  • 300% growth year-to-date, 10X growth in MRR over 5 quarters
  • 750+ customers in 180+ cities across 40 states in the U.S.
  • 17k+ qualified sign-ups
  • Selected for the Levi Strauss & Co. Collaboratory
  • Addressing a $32 billion market in the U.S. alone

Problem


Our consumption model is inefficient and wasteful

The U.S. represents 4% of the world’s population, yet produces 12% of global waste. 

In less than 20 years, the volume of clothing Americans dispose of has doubled to reach 80 pounds per person, per year. 

While a growing appetite for sustainable brands might suggest a shift in this trend, e-commerce sales data shows that households are still inadvertently wasteful.

This is especially true for new parents, who are faced with thousands of product choices and often make unnecessary purchases. As babies grow fast, products such as clothes are only used a few times, leading to massive clutter and waste.

There is a critical opportunity to reimagine consumption by starting at the beginning of life: birth.

Solution


We upgrade consumption, starting at the beginning: birth

For a fraction of retail prices, UpChoose members receive a set of organic clothing essentials curated from high-quality brands at each phase of growth, and swap sets when the baby is ready to size up.

We've leveraged technology to design a frictionless consumer experience, helping new parents simplify their life, and make more efficient purchases. 

Product


Our first release: a smarter baby clothing service

New and expecting parents take our easy 5-step quiz to design a set based on their needs and preferences. They pick New or Preloved and select the date they want to receive their first set. Clothes are sourced from our partner brands (for New sets) or from existing member returns (for Preloved sets).

Customers pay a fixed monthly fee and use the clothes until their child is ready to size up. Then, they swap sets at no extra cost. Returned sets are made available to the next family. 

We recently launched a GoFundMe-like feature letting anyone create a personal page and receive gift contributions. Hundreds of users have already received gift contributions funding up to two years' worth of subscription.

Traction


300% growth year-to-date, 10X growth in MRR over 5 quarters

We currently have more than 750 customers in about 180 US cities across 40 states. We've been able to grow Monthly Recurring Revenues (MRR) 10x over the last 5 quarters and total revenues grew 300% year-to-date compared to last year. We have seen a 70-75% retention rate after 6 months for our subscription service. We also currently have a pipeline of 17K+ qualified sign-ups.

We’ve attracted the attention of big-name apparel brands such as Levi Strauss & Co who is helping fund our tech platform to enable more retailers to participate in the circular economy. 

UpChoose has also been recognized for its unique approach to reimagining the future of consumption.


Customers


A game-changer for parents when they need it most

In addition to enjoying adorable high-quality clothes at a fraction of retail prices, new moms and dads are also acknowledging how UpChoose helps them simplify their lives, reduce decision fatigue, and make healthier choices for their families. We currently have an NPS score of 74 from our members. 

We’re building an incredible community pioneering a new model and helping us grow through word-of-mouth!



Business model


Flexible subscription and focus on payments and distributed costs

We earn revenue through: 

  1. Subscription—monthly subscription fees (average $49 per month). 
  2. Gifting—users receive gift contributions to help fund their program.
  3. Purchases—users buy sets and can sell them back after use.

About two-thirds of our customers are subscribers. A subset of these subscriptions is funded through gifts. We see gifting as a huge market opportunity for UpChoose and gift makers as primary and repeat users. 

This enables us to have a competitive pricing model and attractive unit economics—we generate a 70% gross margin on preloved sets, while customers pay up to 80% less than retail prices—and drives accessibility and adoption by a large audience.

Market


$32B+ children's clothing market in the U.S. alone

Our initial focus is on the $32B children’s clothing market in the U.S., which is growing 50% faster than men’s and women's markets. 

UpChoose taps into powerful trends: 

  • The desire for healthy and sustainable living, especially among millennial parents.
  • The success of subscription-driven business models.
  • The growth of the resale market.

We estimate that our TAM will be at the intersection of three key markets: the $152B sustainable product market, the $41B resale market, and the $204B global childrenswear market.

Competition


Redefining baby clothing and creating a new category

We are building a new category and we enjoy a first to market competitive edge and near unbeatable financial incentive. We built a unique model that lets parents save up to 80% on organic clothing brands, dramatically reducing the cost of high-quality baby clothes, all while reducing clutter and waste.

Some companies or alternatives offer one aspect of our model, but our innovation is to combine all the pieces—bundles, subscriptions, organic, preloved, after use—in a frictionless, affordable service.

Vision and strategy


Household consumption, reinvented

Today, we’re addressing the inefficiencies, high costs, and waste associated with buying children's clothing.

Tomorrow, we’ll be tackling the same inefficiencies associated with other areas of parents' purchases and household consumption.


Our immediate goals are to develop our children's clothing service to cover the first 12 years of life, introduce more options to reach a wider audience, and invest in our operations and tech platform. 

Once we’ve successfully established ourselves within this space, we'll expand to other needs for our first audience—parents— and develop other offerings that simplify their lives and reimagine how they choose, use and dispose of products like toys, books, maternity clothing, and furniture.

Funding


Bootstrapped and ready for the next phase of growth

The founder has personally invested $100K+, with a friends & family investment of $25K. We also received a $25K grant from Levi's. Since then, we've focused on building a unique service and vibrant customer base. We have used our revenue and non-dilutive capital from Stripe Capital and Clearbanc to fund our growth in the past 12 months.

We are raising funds to build the infrastructure required to handle growth, expand our team, invest in marketing initiatives, and develop our tech platform. We want a community of supporters and together, we’ll build a new consumption model that works better for our children's health and our planet. We hope you join us!

Founders


Prior to UpChoose, Ali spent eight years at J.P. Morgan, where he pioneered Impact Investing and helped build the J.P. Morgan Impact Investing team. He helped design breakthrough initiatives addressing the world's biggest health and sustainability challenges—such as the world's first venture capital fund dedicated to Dementia research—and invested in early-stage companies leveraging technology to solve climate and social challenges. 

He realized these challenges are rooted in our lifestyle and consumption model and that there was a huge opportunity to design better alternatives.

Ali holds a Master of International Economics from Columbia University, a Master of International Affairs from Sciences Po Paris, and a BA in Philosophy from La Sorbonne.

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 UpChoose 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 UpChoose is accepting.
Learn more

Funding goal

$1.07M

UpChoose must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
UpChoose 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 UpChoose PBC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
UpChoose Crowd SAFE UpChoose Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in UpChoose.
Invest
$100
Receive
  • A Thank You shoutout on social media.
Invest
$250
Receive
  • All non-monetary perks from previous level.
  • A personalized Thank You note from the CEO.
  • 1-month free membership to UpChoose ($50 value, can be used as a gift). Shipping to US addresses only.
Invest
$500
Receive
  • All non-monetary perks from previous level.
  • 2-month free membership to UpChoose ($100 value, can be used as a gift). Shipping to US addresses only.
Invest
$750
Receive
  • All non-monetary perks from previous level.
  • Featured as a "Champion" on our "Future of Consumption Champions" website page with your picture and quote.
  • 3-month free membership to UpChoose ($150 value, can be used as a gift). Shipping and returns to US addresses only.
Invest
$1,000
Receive
  • All non-monetary perks from previous level.
  • Featured as a "Pioneer" on our "Future of Consumption Champions" website page with your picture and quote.
  • 1h session with our founder— can be used for career advice or mentoring in the sustainability/impact investing/circular economy fields.
Invest
$2,000
Receive
  • All non-monetary perks from previous level.
  • Featured as a "Leader" on our "Future of Consumption Champions" page with your picture and quote.
  • 2h session with our founder on career advice or launching a company in the sustainability/impact investing/circular economy fields.
Invest
$5,000
Receive
  • All non-monetary perks from previous level.
  • Featured as a "Hero" on our "Future of Consumption Champions" website page with your picture and quote.
Invest
$10,000
Receive
  • All non-monetary perks from previous level.
  • Access to UpChoose Inner Circle: access investor updates, become beta tester for UpChoose's new products or services, get interviewed and featured on our blog as an investor
Invest
$25,000
Receive
  • All non-monetary perks from previous level.
  • Meet and Greet with Founder anywhere in the world (Paid travel and 2-day lodging)

Why others invested

See all reviews (0) See all (0)

I believe strongly in the Founder, and his tenaciy/skills. Coupled with this, I believe in the market fundamentals driving demand and growth for these segment of goods and these kinds of closed-loop supply chain companies. The future is sustainable and profitable, and UpChoose will deliver on both of these realities.

Profile picture of Soushiant Zanganehpour
Soushiant Zanganehpour
Investor
over 4 years ago

It's a great Idea if I can cut down on the hassle of having to shop for kids clothes and continue to replace them over and over it, it takes a lot of stress off of you!

Profile picture of Gary Jones
Gary Jones
Value-add investor
over 4 years ago

I invested because I am a mother of three (my youngest is 18 months old) so I know well how expensive, wasteful, and non-sustainable baby clothes and products can be. This is a great idea that can be both a successful business and an eco-win!

Profile picture of Randi Zuckerberg
Randi Zuckerberg
Active investor
over 4 years ago

About UpChoose

Legal Name
UpChoose PBC
Founded
Jul 2017
Form
Delaware Corporation
Employees
1
Website
upchoose.com
Social Media
Headquarters
Google Map location of of UpChoose
156 2nd Street , San Francisco, CA
Headquarters
156 2nd Street, San Francisco, CA, United States 94105

UpChoose Team
Everyone helping build UpChoose, not limited to employees

Profile picture of Ali El Idrissi
Ali El Idrissi
Founder
Featured in Superheroes · Read
Profile picture of Emily Cohn
Emily Cohn
Operations
Profile picture of Yann Kronberg
Yann Kronberg
Tech Lead
Profile picture of Wini Tran
Wini Tran
Data
Profile picture of David Goldberg
David Goldberg
Supply Chain
Profile picture of Harvey Sison
Harvey Sison
UI/UX designer
3 more team members
Ali El Idrissi
Founder
Emily Cohn
Operations
Yann Kronberg
Tech Lead
Wini Tran
Data
David Goldberg
Supply Chain
Harvey Sison
UI/UX designer

Press

Meet the Entrepreneurs In Our Spring 2020 Milestone Maker...
The Nasdaq Entrepreneurial Center The Nasdaq Entrepreneurial Center
·
May 4, 2020

The Nasdaq Entrepreneurial Center is thrilled to have the following entrepreneurs in its Spring 2020 Milestone Makers coh...

Top 20 Sustainable Business Ideas for 2020 - Springwise
Springwise Springwise
·
Dec 16, 2019

By making used items more desirable, UpChoose provides a way of tackling overconsumption before it starts.

Give More, and Better, This Season: The 2019 SB Holiday G...
Sustainable Brands Sustainable Brands
·
Dec 12, 2019

UpChoose may just be a dream come true for new and expectant parents.

Levi Strauss & Co. Announces More Than $380,000 to Fund F...
Businesswire Businesswire
·
Sep 26, 2019

SAN FRANCISCO--()--Levi Strauss & Co. (LS&Co.) today announced it is granting more than $380,000 to the second class of L...

Startup allows parents to trade in outgrown baby clothes ...
Springwise Springwise
·
Aug 15, 2019

Retail Spotted: E-commerce startup Upchoose sells sets of organic cotton baby clothing. When a child outgrows a size, par...

This 'sustainable consumption' platform wants to help new...
Fast Company Fast Company
·
Aug 6, 2019

UpChoose, a year-old startup, is focusing first on a part of the market that generates clothing waste especially quickly:...

Meet the New Class of the Levi Strauss & Co. Collaborator...
Levi Strauss & Co Levi Strauss & Co
·
May 7, 2018

We're excited to announce the 12 leaders who have been selected as the second class of fellows in the Levi Strauss & Co. ...

New Concept Makes Sustainable Baby Clothing Easy and Acce...
Chicagonow Chicagonow

Many parents know what it is to overspend on baby clothes and end up with way more items than needed. According to a 2010...

Get Luxe For Less With These 31 Labor Day Sales
Forbes Forbes

Get sustainable baby clothes for less.

Show all
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UpChoose

UpChoose successfully raised $282,020 from 493 investors on May 1, 2021
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Randi, christian, Prathap, Dustin, Kevin, and 488 others invested. 79 Reviews
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