Dharma Southern Kitchen (2022)
About this raise
Dharma Southern Kitchen, with a valuation of $35 million, is raising funds on StartEngine. The company makes and sells plant-based fast-casual Southern comfort food across Florida. The plant-based food of Dharma Southern Kitchen is nutritious and delicious and appeals to vegans, vegetarians, flexitarians, and meat-eaters alike. The business is led by an experienced team and has opened two new locations in the past two years. Shaun Noonan founded Dharma Southern Kitchen in January 2019. The current crowdfunding campaign has a minimum target of $9,999.50 and a maximum target of $1,069,997.25. The campaign proceeds will be used to grow locally, regionally, nationally, and internationally.
Investment Overview
Not Funded: $23,368
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/31/2021
- Close Date
- 03/06/2022
$10,000
$1,069,997
$200
Equity - Common
Pre-Seed
RegCF
$1.75
$35,000,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +13% YoY
- $2,570,005
- Monthly Burn
- $11,673
-
Runway
- 9.5 months
- Gross Margin
- 69%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2022 | StartEngine | $15,200,000 | $113,103 | Equity - Common | Funded | RegCF |
| 03/06/2022 | StartEngine | $35,000,000 | $23,368 | Equity - Common | Not Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.