GoBe

[Closed for Investment] GoBe, with a valuation of $16 million, is raising funds on Wefunder. The company makes and sells the ultimate snack container that is brain-challenging for kids. GoBe’s snack container can carry five snacks and comes with a fun push button and flip door. The GoBe Snack Spinner creates a division of responsibilities between the parents and children and gives kids choice and autonomy. The company generated $4 million in sales last year, with 81% of customers recommending the product to their friends. Joseph and Solanda Moran-Blanch founded GoBe in January 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used for inventory to meet the demand of current retailers, direct-to-consumer, and newly signed retailers.

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Investment Overview

Raised this Round: Raised: $330,870

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/14/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$16,000,000

Discount

0%

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Location
Raleigh, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Joseph Blanch
Founder Name
Solanda Moran-Blanch

Financials

as of Fiscal Year 2022
 Revenue +279% YoY
$4,049,671
 Monthly Burn
$7,260
 Runway
18.9 months
Gross Margin
23%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$4,049,671

$1,068,726

COGS

$3,135,518

$844,597

Tax

$0

$0

 

 

Net Income

$-87,114

$-250,303

Summary Balance Sheet

FY 2022 FY 2021

Cash

$137,312

$103,486

Accounts Receivable

$0

$0

Total Assets

$745,249

$821,231

Short-Term Debt

$180,501

$737,888

Long-Term Debt

$1,114,393

$548,192

Total Liabilities

$1,294,894

$1,286,080

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$579,297
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $16,000,000 $330,870 SAFE Funded RegCF
09/30/2022 Republic $8,000,000 $359,634 SAFE Funded RegCF
11/05/2020 Republic $4,000,000 $173,937 SAFE Funded RegCF
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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.

Employee History

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Add to portfolio
GoBe on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $16,000,000

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Follow GoBe on Wefunder 2023

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

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