It's Skinny

It's Skinny

Growth Stage

A Better Way to Pasta

A Better Way to Pasta

Overview

Raised this Round: Raised: $536,952

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

12/12/2023

Close Date

03/28/2024

Min. Goal
$10,000
Max. Goal
$1,234,998
Min. Investment

$1,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.32

Pre-Money Valuation

$35,000,000

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Austin, Texas

Business Type

Growth

It’s Skinny, with a valuation of $35 million, is raising funds on Dealmaker Securities. It is a food brand that is reimagining the pasta category with its healthy pasta alternatives. It’s Skinny pastas are low calorie, zero net carb, and gluten-free and are sold in over 6,000 retail locations and online on Amazon. The business has reported an 80% annual growth each year since 2020 and has a trailing twelve-month revenue of $9.3 million. Bryan Guadagno, Elad Barkan, and Barb Axelson founded It’s Skinny in May 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used to fuel marketing investment that accelerates customer acquisition.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$4,277,597

$2,164,951

COGS

$3,578,172

$1,579,480

Tax

$0

$0

 

 

Net Income

$-1,995,342

$-1,264,701

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,201,649

$8,608

Accounts Receivable

$667,399

$277,338

Total Assets

$3,958,617

$935,913

Short-Term Debt

$1,000,000

$471,571

Long-Term Debt

$707,028

$290,100

Total Liabilities

$1,707,028

$761,671

Financials as of: 12/12/2023
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It’s Skinny on Dealmaker Securities 2023
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $35,000,000
Price per Share: $2.32

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