Alex’s Awesome Sourdough (2023)

Alex’s Awesome Sourdough (2023)

Closed: Feb. 2023

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.

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Investment Overview

Not Funded: $13,960

Deal Terms

Total Commitments

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

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Alexander Corsini
Title
CEO

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

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

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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
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Growth Charts

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

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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