Heartstone Farm

Heartstone Farm

Growth Stage

Meat You Can Trust

Meat You Can Trust

Overview

Raised this Round: Raised: $557,518

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/22/2024

Close Date

11/20/2024

Min. Goal
$15,000
Max. Goal
$1,234,995
Min. Investment

$300

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$15.00

Pre-Money Valuation

$15,000,000

Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Location

Charleston, Maine

Business Type

Growth

Heartstone Farm, with a valuation of $15 million, is raising funds on StartEngine. The company works on a direct-to-consumer model to change the way consumers purchase meat and farmers sell their livestock. Heartstone Farm has joined up with over 50 farmers in the Northeast US and built an alternative supply chain to provide high-quality chicken, beef, turkey, and pork. The business currently operates in 15 states, has served more than 17,000 customers, and reported a 130% year-over-year growth in the first six months of 2024. Dan Kaplan and Tara Hesseltine founded Heartstone Farm in September 2016. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for company employment, working capital, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,538,404

$2,484,886

COGS

$1,721,991

$1,729,726

Tax

$0

$0

 

 

Net Income

$-242,781

$67,332

Summary Balance Sheet

FY 2023 FY 2022

Cash

$264,656

$517,398

Accounts Receivable

$2,354

$540

Total Assets

$1,112,607

$1,043,704

Short-Term Debt

$803,909

$472,955

Long-Term Debt

$466,258

$479,734

Total Liabilities

$1,270,167

$952,689

Financials as of: 08/22/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Heartstone Farm 11/20/2024 StartEngine $15,000,000 $557,518 Equity - Common Active RegCF

No prior online funding rounds.

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Add to portfolio
Heartstone Farm on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $15.00

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