About this raise
Alex’s Awesome Sourdough, with a valuation of $6,000,000, is raising funds on Republic. It is a natural foods brand highlighting the nourishing and wholesome qualities of sourdough. The sourdough of Alex’s Awesome Sourdough is made using wild cultures, is lower in glycemic index, and easily digestible. Alex’s Awesome Sourdough is the second fastest-growing premium frozen pizza in the US. The company was established in 2017 by Scott Killips, Michel Venghiattis and Alex Corsini. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1M. The campaign proceeds will be used to expand our retail distribution and fund new product development.
Investment Overview
Not Funded: $13,960
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 12/13/2022
- Close Date
- 02/11/2023
$25,000
$1,000,000
$150
SAFE
Growth Stage
RegCF
$6,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +59% YoY
-
$2,114,429
as of FY2021
- Monthly Burn
-
$136,010
as of FY2021
-
Runway
-
0.7 months
as of FY2021
- Gross Margin
-
15%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,678,286
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/11/2023 | Republic | $6,000,000 | $13,960 | SAFE | Not Funded | RegCF |
| 09/11/2021 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |