Fabalish
Early Stage
Unleashing the untold magic of chickpeas to harness explosive plant-based trend
Overview
Raised: $409,827
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/23/2021
Close Date
02/28/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/05/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,610
# of Investors
296
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Fabalish, with a valuation of $6 million, is raising funds on Wefunder. The company is harnessing the power of chickpea and offering it in a variety of healthy forms. The chickpea offerings of Fabalish are organic, allergen-friendly, and clean-label and include flavorful dips and sauces and organic falafel. Fabalish has reported four times annual growth in two years and a 40 times growth online. Jessica Gebel and Paul Majcherczyk founded Fabalish in March 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing and operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$232,120 |
$64,745 |
|
COGS |
$173,324 |
$50,876 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-488,866 |
$-159,621 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$90,152 |
$241,879 |
|
Accounts Receivable |
$9,541 |
$7,831 |
|
Total Assets |
$127,435 |
$268,993 |
|
Short-Term Debt |
$90,429 |
$13,271 |
|
Long-Term Debt |
$712,999 |
$395,200 |
|
Total Liabilities |
$803,428 |
$408,471 |
Financials as of: 09/23/2021
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