Ceres Chill

Ceres Chill

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $702,019

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/28/2023
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    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$9,620,032

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Bainbridge Island, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Lisa Myers
Title
CEO

Financials

as of Fiscal Year 2021
 Revenue +90% YoY
$873,526
 Monthly Burn
Profitable
 Cash on Hand
$89,380
Gross Margin
31%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,710,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/02/2023 Wefunder $9,620,032 $702,019 Equity - Preferred Funded RegCF
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Add to portfolio
Ceres Chill on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,620,032
Price per Share: $1.00

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