Jar Goods

Jar Goods

Early Stage

Helping people realize the fullness of their lives through quick and easy foods

Helping people realize the fullness of their lives through quick and easy foods

Overview

Raised to Date: Raised: $54,515

Total Commitments ($USD)

Platform

Republic

Start Date

05/10/2020

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    Open SEC Filing

Valuation Cap

$5,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/05/2020

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

Location

Glen Rock, New Jersey

Business Type

Life Style

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: 05/10/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Jar Goods 08/30/2020 Republic $5,500,000 $54,515 SAFE Funded RegCF
Jar Goods 08/02/2018 SeedInvest - $21,000 Debt Not Funded RegCF / RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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

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