Mr Bing Foods
About this raise
Mr. Bing Foods, with a valuation of $10 million, is raising funds on Republic. Mr. Bing captures the most exciting elements of modern Chinese food and interprets them into accessible condiments and ingredients for the modern foodie and everyday cook. Mr. Bing Chili Crisp launched as a healthy replacement to the massively popular, billion-dollar Laoganma Chili sauce. The company was established in April 2021 by Ben Duvall and Brian Goldberg. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $ 1.24M. The campaign proceeds will be used for sales and marketing, manufacturing and warehousing and product development.
Investment Overview
Invested $83,304 :
Deal Terms
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -17.3% YoY
- $206,718
- Monthly Burn
- $28,138
-
Runway
- 3.3 months
- Gross Margin
- 20%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,286,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
02/21/2023 | Republic | $10,000,000 | $83,304 | SAFE | Funded | RegCF |