Jar Goods
Early Stage
Helping people realize the fullness of their lives through quick and easy foods
Overview
Raised: $54,515
Total Commitments ($USD)
Platform
Republic
Start Date
05/11/2020
Close Date
08/31/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/06/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$487
# of Investors
167
Momentum
Funded
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Year Founded
2013
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Jar Goods, with a valuation cap of $5.5 million, is raising funds on Republic. The company is revolutionizing the ready-to-cook foods industry with its mindful, healthy, and high-quality ready-to-cook pantry staples. The products of Jar Goods include pasta sauces, vegan vodka-style tomato sauce, and beet and basil pesto. Jar Goods was founded by Melissa Vitelli and Laura Vitelli in March 2013 and has raised over $350,000 from friends and family since its founding. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to grow and expand the product line. Jar Goods presently has its products available in 1,300 stores through four distributors and online. The company has sold over 500,000 jars and has generated $1.5 million in lifetime sales.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$394,881 |
$299,803 |
|
COGS |
$386,798 |
$240,969 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-169,506 |
$-288,424 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,397 |
$13,106 |
|
Accounts Receivable |
$73,497 |
$50,141 |
|
Total Assets |
$101,372 |
$96,892 |
|
Short-Term Debt |
$510,254 |
$323,584 |
|
Long-Term Debt |
$21,215 |
$24,748 |
|
Total Liabilities |
$531,469 |
$348,332 |
Financials as of: 05/11/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Jar Goods | 08/31/2020 | Republic | $5,500,000 | $54,515 | SAFE | Funded | RegCF |
| Jar Goods | 08/03/2018 | SeedInvest | - | $21,000 | Debt | Not Funded | RegCF / RegD 506(c) |
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