Ceres Chill
Early Stage
Moms leading incredible lives while achieving their breastfeeding goals
Overview
Raised: $702,019
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/27/2023
Close Date
03/02/2023
Min. Goal
$50,000
Max. Goal
$779,972
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$9,620,032
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$351,010
# of Investors
510
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Ceres Chill, with a valuation of $9.62 million, is raising funds on Wefunder. The company makes and sells breastmilk chillers that are revolutionizing breastmilk storage. The other products of Ceres Chill include Milkstache, washbasin bags, sipper lids, nipple shields, straw top infusers, and baby bottles/houseware accessories. Ceres Chill has a loyal customer base and has grown by 20-40% every quarter since 2020. Lisa Myers founded Ceres Chill in December 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $779,972. The campaign proceeds will be used for additional inventory, marketing, new product development, and international expansion.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$873,526 |
$95,411 |
|
COGS |
$605,290 |
$98,500 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$43,950 |
$-87,921 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$89,380 |
$9,478 |
|
Accounts Receivable |
$25,818 |
$0 |
|
Total Assets |
$248,769 |
$39,412 |
|
Short-Term Debt |
$279,814 |
$25,027 |
|
Long-Term Debt |
$0 |
$90,750 |
|
Total Liabilities |
$279,814 |
$115,777 |
Financials as of: 02/27/2023
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