HA!- The Healthier Alternative

HA!- The Healthier Alternative

About this raise

HA!- The Healthier Alternative, with a valuation cap of $4 million, is raising crowdfunding on Republic. The business offers healthier alternatives to traditional snacks by using natural and plant-based ingredients. The snacks deliver a powerful crunch and bold flavor at low calories and high protein. Justin Wiesehan and Scott Jensen founded HA!- The Healthier Alternative in June 2020. The proceeds of the current crowdfunding raise, with a minimum goal of $25,000 and a maximum goal of $467,101, will target innovation and rebranding. HA!- The Healthier Alternative generated $230,000 in revenue in 2020 and expects to generate $400,000 in 2021. The business has over 10,000 customers and 300 reviews.

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Investment Overview

Invested this round: $85,834

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
07/07/2021
Close Date
04/13/2022
Min. Goal
$25,000
Max Goal
$467,101
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Charlotte, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Justin Wiesehan
Title
CEO

Financials

 Revenue
$211,638
 Monthly Burn
$13,074
 Runway
1.1 months
Gross Margin
65%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$211,638

$15,926

COGS

$73,133

$34,261

Tax

$0

$0

 

 

Net Income

$-156,891

$-332,157

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,889

$22,164

Accounts Receivable

$0

$2,959

Total Assets

$42,747

$76,961

Short-Term Debt

$71,111

$43,505

Long-Term Debt

$9,000

$0

Total Liabilities

$80,111

$43,505

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
HA!- The Healthier Alternative 04/13/2022 Republic $4,000,000 $85,834 SAFE Funded RegCF
Macro Snacks 10/26/2020 StartEngine $5,000,000 $63,492 Equity - Common 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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HA!- The Healthier Alternative on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $4,000,000

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