Madly Hadley
Early Stage
Premium and Organic Plant-Based Snacks and Toppings
Overview
Raised: $74,551
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/13/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,200,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,621
# of Investors
69
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Madly Hadley, with a valuation of $3.2 million, is raising funds on Wefunder. The company makes premium and organic plant-based snacks and toppings. Madly Hadley products are USDA organic, delicious, minimally processed, soy-free, dairy-free, and gluten-free. The business reported a 500% growth in distribution from 2022 to 2023, a 364% growth in revenue with 55% margins in 2023, and sells nationally through Whole Foods and Sprouts. Madelyn Hadley founded Madly Hadley in June 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for funding purchase orders, marketing, equipment, and personnel.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$63,925 |
$31,175 |
|
COGS |
$37,464 |
$20,353 |
|
Tax |
$503 |
$3,768 |
| ||
| ||
|
Net Income |
$-83,510 |
$-11,984 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$112,662 |
$62,293 |
|
Accounts Receivable |
$5,926 |
$1,937 |
|
Total Assets |
$132,927 |
$93,832 |
|
Short-Term Debt |
$12,032 |
$1,784 |
|
Long-Term Debt |
$124,448 |
$10,850 |
|
Total Liabilities |
$136,481 |
$12,635 |
Financials as of: 03/13/2024
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