Live Free Foods
[Closed for Investment] Live Free Foods, with a valuation cap of $1.5 million, is raising funds on WeFunder. The company creates low FODMAP food products for people suffering from Irritable Bowel Syndrome and helps them manage their symptoms. Live Free Foods started with its first product as the low FODMAP Ranch dressing and has sold over 6,000 bottles. The company was founded by Scot Savarese in 2017. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $107,000, and the proceeds will be used towards the production of inventory, content creating and advertising, and operating expenses. Live Free Foods already has over 3,000 online customers and has huge market potential.
Investment Overview
Raised: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -26.4% YoY
- $37,204
- Monthly Burn
- $2,699
-
Runway
- 0 months
- Gross Margin
- 32%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
05/15/2020 | Wefunder | $1,250,000 | $0 | SAFE | Not Funded | RegCF |