- Retail Store Gross Revenue Growth 16-17: 286.7%
- Overall Gross Revenue Growth 16-17: 119%
- Founder Tom Chappell previously founded Tom's of Maine.
- Consulting COO Marty Bailey previously served as Director of Manufacturing at Fruit of the Loom, and Chief Manufacturing Officer at American Apparel.
- Committed to Made in America values, the company creates fabric manufacturing, cutting and sewing in New England
- Focused on sustainability, all organic wool used in clothing is certified by third party GOTS (Global Organic Textile Standards), the leading textile processing standard for organic fibers; Recently certified by Cradle to Cradle (silver certification).
- Partnering with The Renewal Workshop, which renews unsellable returns and excess inventory from brands, to regenerate the life of products and recycle materials
- Total Round Size: US $5,000,000
- Seed :
- Minimum Investment: US $10,000 per investor
- : Preferred Equity
- US $15,000,000 :
- : US $3,000,000
The Ramblers Way entrepreneurial family is grounded in forty years of experience in building a values-based brand, Tom's of Maine. Ramblers Way sells garments that are made with unique fiber for lightweight and soft fabrics, and wools that are breathable, anti-microbial and wicking. The company has achieved a 286.7% YoY increase in retail store gross sales and a 14.2% YoY increase in web gross sales.
Ramblers Way wants to take the concept of local to the extreme. The company produces its fabrics in New England, cuts and sews its own designs, and manufactures in its home office and retail stores. Customers can custom-design garments in the store for desired variations on existing colors or patterns.
The company's passion is making its clothing sustainable, stewarding natural and human resources for a regenerative outcome. Its products attract high standards of third party certification. Ramblers Ways certified organic wool clothing by GOTS (Global Organic Textile Standards) exceeds industry standards in quality, energy and water saving, and long-lasting versatility. It also creates local jobs. The company also has silver certification with Cradle to Cradle.
Fashion trends come and go – Ramblers Way alters its styles too – but the company won't compromise its commitment to responsible and sustainable use of the resources. Simply put, Ramblers Way weaves sustainability into the fabric of its company.
Ramblers Way makes lightweights fabrics, designs its own garments, and produces its products in its stores and manufacturing facility. The products consist of natural fibers like cotton, linen, and principally, wool. The categories for men and women include nest-to-skin layering tops and bottoms, polo shirts and blouses, pants, skirts, dresses, shirts, sports coats, and outer jackets.
As the second-largest polluting industry globally, the apparel industry's manufacturing processes produce 20% of industrial water pollution, use 1.3 trillion gallons of water for fabric dying, and marginalize the safety of workers. Ramblers Way, a pioneer in creating an alternative human, environmental, and quality outcome, uses farm practices, fabric construction, and fashion designs that sustain earth and produce local economic benefits.
Ramblers Way's garments are available for sale on its website, via its own brick-n-mortar stores, located in Portland, Maine, Portsmouth, Maine and Hanover, New Hampshire.
Ramblers Way is founded by the same family that created and built Tom's of Maine, the United States' leading brand of natural and socially responsible personal care products. Similarly focused on a values-based business, Ramblers Way is committed to premium quality clothing made sustainably in America.
The Ramblers Way's consultant team includes iconic industry executives, including Marty Bailey, from Fruit of the Loom and American Apparel, and world-class designers, including Dominic D'Alessandro and Michael Boyle, with experience from Timberland, UGG and others.
By grounding manufacturing and design with professional experience, the company can benefit from the creative orientation of the Chappell Family.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Ramblers Way. Once Ramblers Way accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Ramblers Way in exchange for your shares. At that point, you will be a proud owner in Ramblers Way.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Because Ramblers Way is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Ramblers Way does not plan to list these shares on a national exchange or another secondary market. At some point Ramblers Way may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Ramblers Way either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Ramblers Way's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Ramblers Way’s profile.