New York City based EBY is raising $13,535,287.00 in New Equity Investment.
New York, NY – According to filings with the U.S. Securities and Exchange Commission, EBY is raising $13,535,287.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Renata Black played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About EBY
EBY is a membership-based company driving profits with purpose. EBY, the perfect everyday seamless panty, boasts lightweight fabric that gives a second-skin feel and look while our patented flocking technology prevents sliding and riding. They work as one with your body, so you can run, shape, and shift the world. Providing the utmost convenience for a replenishable product, EBY delivers underwear and purpose monthly, every other month, or quarterly to its community members. Styles and frequency can be customized to the authors preference. EBY repositions underwear as a tool for empowerment rather than one of seduction. Ten percent of net sales go to the Seven Bar Foundation to empower women out of poverty and into business through microfinance with a small loan. Its what we call a first break, and that can be as little as $80 or as large as $7,000. This loan enables an underprivileged woman to start or grow her business. As she becomes self-sufficient, the cycle of poverty is broken. Loans are repaid and passed to another woman, creating a multiplier effect. EBY consistently fuels this loop so that it never ends. Were not about one-time solutions or patching up holes with pretty pink BAND-AIDs, though we love a colorful accessory. We want to consistently fuel the empowerment of women through business. We sustainably source our products in a factory in Sri Lanka that respects the balance between environmental, social, and economic performance. Our factorys core company pillar focuses on Womens Empowerment Principles, where we were jointly developed by the United Nations.
To learn more about EBY, visit http://join-eby.com/
Contact:
Renata Black, Chief Executive Officer
214-802-4026
renata@join-eby.com
https://www.linkedin.com/in/renata-mutis-black-4b2a278/
SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved