Mamie's Pies
About this raise
Mamie’s Pies, with a $6.25 million pre-money valuation, is raising crowdfunding on StartEngine. The company makes frozen little pocket pies and has reimagined pies to make them available the year-round. The pocket pies of Mamie’s Pies are come in six fruit fillings and are flash-frozen to retain the authenticity of flavors. Mamie’s Pies was founded by Kara Romanik, a single mother of three. The current round of crowdfunding of the company has a minimum target of $10,000 and a maximum goal of $107,000, and the funds will be used to expand the business and include a selection of savory pocket pies. Mamie’s Pies already sells in 800 stores nationwide and reported a 1250% growth in revenues from 2017 to 2019.
Investment Overview
Invested $498,220 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $549,924
- Monthly Burn
- $3,786
-
Runway
- 5.3 months
- Gross Margin
- 14%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2021 | StartEngine | $6,250,010 | $498,220 | Equity - Common | Funded | RegCF |