Jar Goods (2020)

Jar Goods (2020)

About this raise

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.

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Investment Overview

Invested this round: $54,515

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,500,000

Discount

20%

Company & Team

Company

Year Founded
2013
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Glen Rock, New Jersey
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Melissa Regan Vitelli
Title
CEO
Founder Name
John Vitelli
Title
Partner
Founder Name
Laura Vitelli
Title
COO

Financials

 Revenue +32% YoY
$394,881
 Monthly Burn
$14,126
 Runway
0.5 months
 Gross Margin
2%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2020 Republic $5,500,000 $54,515 SAFE Funded RegCF
08/03/2018 SeedInvest - $21,000 Debt Not Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Jar Goods on Republic
Platform: Republic
Security Type: SAFE
Valuation: $5,500,000

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