Alex’s Awesome Sourdough
Grocery store
Overview
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
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
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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