Overview
Raised: $13,960
Total Commitments ($USD)
Platform
Republic
Start Date
12/13/2022
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
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/28/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$233
# of Investors
33
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
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: 12/13/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Alex’s Awesome Sourdough | 02/11/2023 | Republic | $6,000,000 | $13,960 | SAFE | Not Funded | RegCF |
| Alex’s Awesome Sourdough | 09/11/2021 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |
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