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

Mamie's Pies

Mamie's Pies

Early Stage

The frozen little pocket pie with the BIG taste!

The frozen little pocket pie with the BIG taste!

Overview

Raised to Date: Raised: $498,220

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/01/2020

Close Date

04/29/2021

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,175

# of Investors

836

Momentum
Funded
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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

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.

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

Financials as of: 03/01/2020
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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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