This company is no longer in business. Investors can get details about any potential exits or failures here.

Live Free Foods

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.

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Investment Overview

Raised this Round: Raised: $0

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/06/2020
Close Date
05/15/2020
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,250,000

Discount

20%

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Tampa, Florida
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Scot Savarese
Title
CEO

Funding data not publicly available

Financials

 Revenue -26.4% YoY
$37,204
 Monthly Burn
$2,699
 Runway
0 months
Gross Margin
32%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$37,204

$50,553

COGS

$25,450

$290,808

Tax

$24

$0

 

 

Net Income

$-32,387

$-24,168

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$54

$8,527

Accounts Receivable

$897

$727

Total Assets

$6,086

$22,990

Short-Term Debt

$35,213

$20,716

Long-Term Debt

$17,340

$1,333

Total Liabilities

$52,553

$22,049

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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
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Live Free Foods on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $1,250,000

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Warning: according to the close date for this deal, Live Free Foods may no longer be accepting investments.

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