SODO Apparel Inc. Completes Biggest Crowdfunding Raise in History of Kickfurther
Raises $257,920 in 6 Days to Fund Nordstrom, REI Orders
SEATTLE, WA–(Mar 16, 2016) – Kickfurther, a leading inventory and invoice financing crowd-funding platform that connects companies and backers seeking qualified short-term deal financing, announced today it has successfully completed a $257,920 inventory financing with SODO Apparel Inc. (SODO) a premium athletic apparel company for men. The funds will be used to finance SODO’s inventory for its product lines at Nordstrom and REI.
All SODO products are created through athlete-driven design. SODO develops world-class performance fabrics in conjunction with top global mills, utilizing these unique fabrics in styles specifically requested & tested by elite athletes. SODO currently works with over 40 professional athletes from 30 professional teams to develop their gear, which is carried by Nordstrom, REI, and elite Seattle gyms.
This is SODO’s second campaign with Kickfurther after raising $45,273 USD in their first offering within 30 minutes and repaying their backers 75 days earlier than scheduled. “SODO is in hyper-growth mode right now. Kickfurther allows us to fund our production quickly without having to give up equity. It’s a great deal for us, and a great deal for our backers on Kickfurther,” said Mark Nelson, founder & CEO of SODO.
Click here to see SODO Apparel’s offering on Kickfurther
Kickfurther is a leading inventory and invoice financing crowd-funding platform that connects companies with backers seeking qualified short-term deal financing. Our platform enables productive emerging-growth companies seeking capital to finance production to share their sales opportunities with backers interested in short term profit opportunities backed by sales to put their money to work.
Businesses post offers by choosing the amount of inventory capital they need, the term of the investment payback, and the profit percentage backers will earn. Since its 2015 launch, Kickfurther has funded more than $4.9 Million in 225 offers by more than 170 companies. Their backers have earned an average greater than 2% consignment profit per month on completed offers.
For additional information, please visit www.kickfurther.com.
About SODO Apparel, Inc.
Headquartered in Seattle’s SoDo district & founded by Seattle natives Mark Nelson, Lars Haneberg, Julie Stevenson, and Laura Hosford, SODO is a premium men’s athletic apparel brand. SODO has been seen on top NFL, NBA, and MLB athletes across the country (#SODOsighting). Follow us on twitter (@SODOapparel) and Facebook (Facebook.com/SODOapparel).
For additional information, please visit www.sodoapparel.com.
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