Folk Revival
Early Stage
High protein / low carb hot cereal made with acorns
Overview
Raised: $163,395
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/11/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$750,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$4,250,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$817
# of Investors
82
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Folk Revival, with a valuation of $4.25 million, is raising funds on Wefunder. The company makes high-protein and low-carb hot cereal using acorns. Folk Revival cereal is bringing acorns to the market as important heritage food and aims to bring a shift in consumers’ breakfast behavior. The hot cereal sells in over 100 stores and has planned authorizations in 165 more in 2024. David Cantor founded Folk Revival in November 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used for marketing, selling expenses, cost of goods, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$733 |
$0 |
|
COGS |
$10,816 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-107,324 |
$-14,567 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$61,332 |
$1,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$80,102 |
$1,000 |
|
Short-Term Debt |
$9,117 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$9,117 |
$0 |
Financials as of: 10/11/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.