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.
Investment Overview
Invested : $54,515
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 05/11/2020
- Close Date
- 08/31/2020
$25,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$5,500,000
20%
Company & Team
Company
- Year Founded
- 2013
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +32% YoY
- $394,881
- Monthly Burn
- $14,126
-
Runway
- 0.5 months
- Gross Margin
- 2%
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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) |