Mamie's Pies

Mamie's Pies

Closed: Apr. 2021

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.

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Investment Overview

Invested this round: $498,220

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/02/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$225

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$6,250,010

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
San Rafael, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Kara Romanik
Title
CEO

Financials

 Revenue
$549,924
 Monthly Burn
$3,786
 Runway
5.3 months
Gross Margin
14%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$549,924

$85,765

COGS

$471,947

$122,771

Tax

$0

$0

 

 

Net Income

$-45,428

$-111,163

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$20,168

$11,926

Accounts Receivable

$254,647

$59,909

Total Assets

$327,430

$125,152

Short-Term Debt

$128,901

$6

Long-Term Debt

$405,055

$104,878

Total Liabilities

$533,956

$104,884

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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
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Mamie’s Pies on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,250,010
Price per Share: $5.00

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