Heather's Choice

Heather's Choice

Open  for investment

About this raise: Heather’s Choice, with a valuation of $10 million, is raising funds on Wefunder. The company makes healthy snacks and provides them to people when and where they need them. Heather’s Choice makes dehydrated meals and snacks, and its menu includes three product lines: just add water breakfasts, coconut cookies called Packaroons, and hot water meals. The company has generated $5.7 million in lifetime sales, with a 72% year-over-year growth. Heather Kelly founded Heather’s Choice in August 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.2 million. The campaign proceeds will be used for inventory purchases, capital restructuring, research and development, and operating expenses.

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Investment Overview

Committed this round: $99,996

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
07/19/2024
Close Date
04/15/2025
Min. Goal
$50,000
Max. Goal
$1,200,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,000,000

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Anchorage, Alaska
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Heather Kelly
Title
CEO

Financials

as of July 1, 2024
 Revenue -4% YoY
$970,457
 Monthly Burn
$10,566
 Runway
4.7 months
Gross Margin
41%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$970,457

$1,010,586

COGS

$570,513

$590,619

Tax

$0

$0

 

 

Net Income

$-973,671

$-638,553

Summary Balance Sheet

FY 2023 FY 2022

Cash

$-5,529

$21,010

Accounts Receivable

$2,995

$19,334

Total Assets

$1,128,242

$575,058

Short-Term Debt

$1,347,084

$281,020

Long-Term Debt

$2,497,559

$2,055,592

Total Liabilities

$3,844,643

$2,336,612

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,945,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/15/2025 Wefunder $10,000,000 $99,996 SAFE Active RegCF
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Heather’s Choice on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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