BakedCravings

BakedCravings

Closed: Jun. 2022

About this raise

BakedCravings, with a valuation of $11.7 million, is raising funds on StartEngine. It is a commercial bakery that bakes fresh and nut-free cupcakes. The bakery specializes in cupcakes, brownies, hand-decorated cookies, edible image cookies, donuts, muffins, and custom cakes. BakedCravings has secured a partnership with Bright Horizon, which supplies daycare to corporate clients, including Adobe and L’Oreal. Craig Watson founded BakedCravings in February 2017. The current crowdfunding campaign has a minimum target of $9,997 and a maximum target of $1,069,997.50. The campaign proceeds will be used for introducing new packaging and marketing.

Expand

Investment Overview

Invested this round: $22,967

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
02/14/2022
Close Date
06/29/2022
Min. Goal
$9,997
Max Goal
$1,069,998
Min. Investment

$247

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.25

Pre-Money Valuation

$11,700,000

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Craig Watson
Title
CEO

Financials

 Revenue -55.8% YoY
$125,000
 Monthly Burn
$219
 Runway
24+ months
Gross Margin
67%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$125,000

$282,961

COGS

$41,615

$89,538

Tax

$0

$0

 

 

Net Income

$-2,629

$3,492

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$61,695

$4,442

Accounts Receivable

$3,468

$1,622

Total Assets

$111,887

$33,211

Short-Term Debt

$138,562

$70,634

Long-Term Debt

$93,703

$18,470

Total Liabilities

$232,265

$89,104

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/29/2022 StartEngine $11,700,000 $22,967 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
BakedCravings on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,700,000
Price per Share: $3.25

Follow company

Follow BakedCravings on StartEngine 2022

Buy BakedCravings's Deal Report

Warning: according to the close date for this deal, BakedCravings may no longer be accepting investments.

BakedCravings Deal Report

Get Kingscrowd's comprehensive report on BakedCravings including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether BakedCravings is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the BakedCravings deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge