World’s Best, a leading online destination for the luxury lifestyle, has launched a capital raise through SeedInvest to expand their offerings and continue to disrupt the luxury shopping model. At this writing, World’s Best, which is offering securities under both Reg D and Reg CF, has secured over $353,270 toward its $1,000,000 goal.
Capital raised will be used to build technology and infrastructure to support its growth, including expanding its retail offerings, adding luxury experiences, and increasing its market reach. World’s Best also plans to tap into its client base to generate advertising revenues through sponsored content. With digital advertising growing at over 15% annually, luxury brands and companies will pay premium rates to reach and engage with a qualified audience.
“From Shanghai to Dubai, the World’s Best brand name and web address attracts sophisticated consumers across diverse countries and cultures. Our goal is to have the World’s Best app on millions of luxury consumers’ phones and devices, with 24/7 access to a concierge and thousands of goods and services,” according to the campaign. “Whether searching for a $15,000 espresso machine or a $50,000 custom luxury safe, World’s Best makes it easy for affluent consumers to enhance their luxury lifestyle from anywhere in the world.”
[clickToTweet tweet=”World’s Best Seeks #Crowdfunding @SeedInvest #luxury @crowdfundinside” quote=”‘Our goal is to have the World’s Best app on millions of luxury consumers’ phones and devices, with 24/7 access to a concierge and thousands of goods and services,’ according to the campaign.”]
The luxury market is a trillion-dollar opportunity. With online luxury shopping growing rapidly and brands struggling to adapt their strategy, World’s Best aims to be at the forefront of a digital revolution, ahead of its closest competitors 1stdibs and TheRealReal. Founded by Kevin Chow and Robert Steele, World’s Best seeks to offer clients significant benefits compared to traditional retail stores and impersonal e-commerce sites, catering to a diverse global clientele that includes billionaires, royal families and affluent professionals.
“We see little overlap between World’s Best and companies like 1stDibs and TheRealReal. Our business model has several competitive advantages and is different in significant ways, including our relationships with customers and suppliers; the breadth of our products and services; our excellent concierge service; and the unique ways that we are leveraging our relationships with valuable clients around the globe. Due to our selectivity and curation, World’s Best showcases collections of consistent high quality that build the brand and are greatly valued by clients and suppliers alike,” indicated Chow on SeedInvest. “Furthermore, online luxury companies tend to be narrowly focused, with 1stDibs being primarily in the furniture/antiques space, while TheRealReal focuses on consignment and second-hand products. The advantages of our model, as well as strong execution, are reflected in our 5-star ratings on Trustpilot compared with the much lower ratings for the other companies.”
[clickToTweet tweet=”World’s Best: Now #crowdfunding @seedinvest #luxury @crowdfundinside @fintechinsider_” quote=”World’s Best aims to make it easy for affluent consumers to enhance their luxury lifestyle from anywhere in the world.”]
World’s Best highlights:
lifetime gross revenue of $8 million+- 189% revenue growth in 2016 over 2015
- 26% of gross revenue from repeat clients
- 5-star rating with Trustpilot
SeedInvest boasts a growing network of almost 200,000 investors and provides investment opportunities to pre-vetted startups. Since inception, SeedInvest has funded over 200 startups and helped raise over $70 million. The company only accepts about 1% of companies to feature on its platform. 10 days remain on World’s Best campaign.
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