Equal Exchange

Equal Exchange

Closed: Apr. 2024

About this raise

Equal Exchange is raising funds on CrowdFund Mainstreet. The company aims to build alternative trade networks to put the power back in the hands of farmers and eaters. Equal Exchange is trading with small farmer co-ops and supporting farmer-led innovative programs to build a democratic food system with the participation of farmers, workers, and consumers. Jonathan Rosenthal, Rink Dickinson, and Michael Rozyne founded Equal Exchange in February 1986. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.5 million. The campaign proceeds will be used to fund the acquisition of finished chocolate and tea inventory, green coffee inventory, and nuts and dried fruit inventory, build improvements, and market the company.

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Investment Overview

Invested this round: $679,857

Deal Terms

Total Commitments

Platform
CrowdFund Mainstreet
Start Date
02/05/2024
Close Date
04/30/2024
Min. Goal
$100,000
Max Goal
$1,500,000
Min. Investment

$500

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

3.00%

Term Length

4.0 years

Company & Team

Company

Year Founded
1986
Industry
Farming & Agriculture
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
West Bridgewater, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
110
Prior Founder Exits?
No
Founder Name
Nicole Vitello
Title
President

Financials

as of Fiscal Year 2022
 Revenue +41% YoY
$72,082,996
 Monthly Burn
Profitable
 Cash on Hand
$971,675
Gross Margin
26%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$69,301,450

$72,082,996

COGS

$51,082,779

$54,421,295

Tax

$169,752

$491,122

 

 

Net Income

$574,612

$1,198,710

Summary Balance Sheet

FY 2022 FY 2021

Cash

$971,675

$2,536,886

Accounts Receivable

$4,238,069

$4,862,546

Total Assets

$42,176,628

$41,309,540

Short-Term Debt

$8,031,223

$6,825,241

Long-Term Debt

$7,734,650

$7,636,596

Total Liabilities

$15,765,873

$14,461,837

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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
04/30/2024 CrowdFund Mainstreet - $679,857 Debt Funded RegCF
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Add to portfolio
Equal Exchange on CrowdFund Mainstreet 2024
Platform: CrowdFund Mainstreet
Security Type: Debt

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Follow Equal Exchange on CrowdFund Mainstreet 2024

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Warning: according to the close date for this deal, Equal Exchange may no longer be accepting investments.

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