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Company type | Private |
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Industry | Clothing |
Predecessor | 20Jeans |
Founded | 2014 in Los Angeles, California, US |
Founders |
|
Website |
www |
DSTLD (pronounced distilled) is an American clothing company, founded in 2014 by Corey Epstein, Ryan Jaleh and Mark Lynn and backed by Asher New York Holdings. [1] The California-based company designs and retails a line of mostly denim-based clothing. The company has become known for its relatively affordable pricing, environmentally friendly design and manufacturing, [1] [2] a direct-to-consumer retail strategy. [3]
DSTLD was founded by co-CEOs Corey Epstein, Ryan Jaleh and Mark Lynn. [4] The company was first founded by Epstein as 20Jeans and operated by buying overstock fabric from Los Angeles-based high-end jeans designers to be sent overseas, to places like Hong Kong and Shanghai, turning the fabric waste into low-cost jeans that the company then resold for $20. [1] [5] Epstein was joined Lynn and the two rebranded the company as DSTLD in April 2014. [1] [4] They hired Anh Vu, formerly of Gap Inc. to head the initial design team. [5] In April 2016, DSTLD hired designer Paul Roughley, previously of Kill City Clothing, as the new design director. [2] [6]
The company gained a seed round investment of $4.4 million from investors including CAA Ventures and CrunchFund. [5] In September 2015, the company announced that it will be using the SeedInvest platform to offer its customers the opportunity to directly invest in the start-up. [7] [8] The crowdfunding was made possible by the Jumpstart Our Business Startups Act. [1] [9] By the end the month, "DSTLD had received more than $7.6 million in indicated interest." [7] In summer 2016, the company announced a Series A round open to the public. As of August 2016, it had gained funds "from more than 450 people investing an average of $2,400." [1] By April 2017, using SeedInvest, the company had raised $1.75 million. [10] In August 2017, the company reopened the platform for a second round of investment through crowdfunding. [11]
In January 2019, DSTLD announced it was looking to open a UK showroom and list on London's AIM stock market. The company intends to use the funds it raised at the end of 2018 for the expansion- around £1.6 million. [12]
![]() | |
Company type | Private |
---|---|
Industry | Clothing |
Predecessor | 20Jeans |
Founded | 2014 in Los Angeles, California, US |
Founders |
|
Website |
www |
DSTLD (pronounced distilled) is an American clothing company, founded in 2014 by Corey Epstein, Ryan Jaleh and Mark Lynn and backed by Asher New York Holdings. [1] The California-based company designs and retails a line of mostly denim-based clothing. The company has become known for its relatively affordable pricing, environmentally friendly design and manufacturing, [1] [2] a direct-to-consumer retail strategy. [3]
DSTLD was founded by co-CEOs Corey Epstein, Ryan Jaleh and Mark Lynn. [4] The company was first founded by Epstein as 20Jeans and operated by buying overstock fabric from Los Angeles-based high-end jeans designers to be sent overseas, to places like Hong Kong and Shanghai, turning the fabric waste into low-cost jeans that the company then resold for $20. [1] [5] Epstein was joined Lynn and the two rebranded the company as DSTLD in April 2014. [1] [4] They hired Anh Vu, formerly of Gap Inc. to head the initial design team. [5] In April 2016, DSTLD hired designer Paul Roughley, previously of Kill City Clothing, as the new design director. [2] [6]
The company gained a seed round investment of $4.4 million from investors including CAA Ventures and CrunchFund. [5] In September 2015, the company announced that it will be using the SeedInvest platform to offer its customers the opportunity to directly invest in the start-up. [7] [8] The crowdfunding was made possible by the Jumpstart Our Business Startups Act. [1] [9] By the end the month, "DSTLD had received more than $7.6 million in indicated interest." [7] In summer 2016, the company announced a Series A round open to the public. As of August 2016, it had gained funds "from more than 450 people investing an average of $2,400." [1] By April 2017, using SeedInvest, the company had raised $1.75 million. [10] In August 2017, the company reopened the platform for a second round of investment through crowdfunding. [11]
In January 2019, DSTLD announced it was looking to open a UK showroom and list on London's AIM stock market. The company intends to use the funds it raised at the end of 2018 for the expansion- around £1.6 million. [12]