Alex’s Awesome Sourdough

Growth Stage

Grocery store

Overview

Raised to Date: Raised: $7,500

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

Funding Type

RegCF

Valuation Cap

$6,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

9

% of Min. Goal

30%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$147

# of Investors

20

Momentum
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Location

Mill Valley, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

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

Most Recent Year Prior Year

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

Most Recent Year Prior Year

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 $7,500 SAFE Active RegCF
Alex’s Awesome Sourdough 09/11/2021 MainVest - $0 Revenue Share Not Funded RegCF
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Alex’s Awesome Sourdough on Republic 2022
$
Platform: Republic
Security Type: SAFE
Valuation: $6,000,000
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