Blanket Pancakes & Syrup
About this raise
Blanket Pancakes & Syrup, with a valuation of $11 million, is raising funds on StartEngine. The company makes all-natural and delicious pancake mixes that cater to health-conscious customers. Blanket Pancakes & Syrup does not use any artificial sweeteners, eggs, bleached flour, GMOs, or preservatives in its preparations and only uses natural ingredients that the body recognizes. The business sells through major retailers like Walmart, Meijer, Food Lion, Giant Foods, and Hannaford and has generated $1 million in sales in 2023. Deven Alexander Carter and Marquita Michelle Carter founded Blanket Pancakes & Syrup in June 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/14/2023
- Close Date
- 03/13/2024
$15,000
$1,234,990
$250
Equity - Common
Growth Stage
RegCF
$5.00
$11,000,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +245% YoY
-
$1,000,000
as of FY2022
- Monthly Burn
-
$15,357
as of FY2022
-
Runway
-
5.2 months
as of FY2022
- Gross Margin
-
28%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/13/2024 | StartEngine | $11,000,000 | $0 | Equity - Common | Not Funded | RegCF |