Alex’s Awesome Sourdough

Alex’s Awesome Sourdough

Growth Stage

Grocery store

Grocery store

Overview

Raised this Round: Raised: $13,960

Total Commitments ($USD)

Platform

Republic

Start Date

12/12/2022

Close Date

02/11/2023

Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment

$150

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

Mill Valley, California

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$2,114,429

$1,331,221

COGS

$1,803,358

$1,181,503

Tax

$0

$0

 

 

Net Income

$-1,632,123

$-1,637,936

Summary Balance Sheet

FY 2021 FY 2020

Cash

$92,195

$75,490

Accounts Receivable

$333,133

$331,320

Total Assets

$932,151

$866,106

Short-Term Debt

$852,800

$601,834

Long-Term Debt

$598,441

$1,658,811

Total Liabilities

$1,451,241

$2,260,645

Financials as of: 12/12/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Alex’s Awesome Sourdough 02/10/2023 Republic $6,000,000 $13,960 SAFE Not Funded RegCF
Alex’s Awesome Sourdough 09/10/2021 MainVest - $0 Revenue Share Not Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Alex’s Awesome Sourdough on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $6,000,000

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