It's Skinny
About this raise
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.
Investment Overview
Invested : $536,952
Deal Terms
Total Commitments
- Platform
- DealMaker Securities
- Start Date
- 12/13/2023
- Close Date
- 03/28/2024
$10,000
$1,234,998
$1,000
Equity - Common
Growth Stage
RegCF
$2.32
$35,000,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +128% YoY
-
$9,600,000
as of FY2022
- Monthly Burn
-
$166,279
as of FY2022
-
Runway
-
7.2 months
as of FY2022
- Gross Margin
-
16%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $11,400,000
- Grants
- $1,000,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/28/2024 | DealMaker Securities | $35,000,000 | $536,952 | Equity - Common | Funded | RegCF |