Do Only Good Certified Pet Nutrition

Do Only Good Certified Pet Nutrition

Closed: Dec. 2020

About this raise

Do Only Good Certified Pet Nutrition, with a $2 million pre-money valuation, is raising funds on Wefunder. It is a pet nutrition company that makes healthy and nutritious dog food. The products include super-premium dog food, kibble and cans, and pumpkin supplements. The company aims at ensuring the health and vitality of dogs along with variety in their diets. Do Only Good Certified Pet Nutrition was founded by Rick Pack in 2016 and has raised over $675,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,001 and a maximum raise of $1,069,999, will be used to support subscription and social media advertising, marketing, and social media content development. Do Only Good Certified Pet Nutrition is a member of the Pet Sustainability Coalition and is committed to ingredient sustainability in pet food.

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Investment Overview

Invested this round: $103,157

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
07/17/2020
Close Date
12/02/2020
Min. Goal
$50,001
Max Goal
$1,069,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.11

Pre-Money Valuation

$2,000,000

Company & Team

Company

Year Founded
2016
Industry
Pet Health, Food, and Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Westlake Village, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Rick Pack
Title
CEO

Financials

 Revenue +322% YoY
$187,334
 Monthly Burn
$30,188
 Runway
0 months
Gross Margin
26%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$187,334

$58,240

COGS

$138,097

$28,733

Tax

$800

$800

 

 

Net Income

$-362,258

$-1,966

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$4,812

$19,650

Total Assets

$283,980

$281,456

Short-Term Debt

$120,145

$115,676

Long-Term Debt

$20,000

$20,000

Total Liabilities

$140,145

$135,676

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/02/2020 Wefunder $2,000,000 $103,157 Equity - Preferred Funded RegCF
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Add to portfolio
Do Only Good Certified Pet Nutrition on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $2,000,000
Price per Share: $1.11

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