Natural Way Food Group

Natural Way Food Group

Closed: Nov. 2022

About this raise

Natural Way Food Group, with a valuation of $4 million, is raising funds on Wefunder. The company makes innovative nut butters that are healthier for people and the planet. The ingredients of Natural Way nut butters are sourced ethically and made with olive oil. The almond and peanut butters of Natural Way come in a variety of flavors, including original, honey, chocolate, coffee, pumpkin spice, and gingerbread. Natural Way Food Group increased its revenue by 143% from 2019 to 2021 and projects to reach $1.16 million in revenue in 2023. Austin Simkins and Quinn Simkins founded Natural Way Food Group in March 2017. The current crowdfunding campaign has a minimum target of $50,101 and a maximum target of $1,069,962. The campaign proceeds will be used for purchasing new equipment, digital Amazon spend, partnerships, and retailer support.

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Investment Overview

Invested this round: $69,698

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
07/11/2022
Close Date
11/10/2022
Min. Goal
$50,101
Max Goal
$1,069,962
Min. Investment

$117

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$117.33

Pre-Money Valuation

$3,999,999

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Fayetteville, Arkansas
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Austin Simkins
Title
Managing Member
Founder Name
Quinn Simkins
Title
Managing Member

Financials

 Revenue +34% YoY
$306,160
 Monthly Burn
$55,041
 Runway
3.8 months
 Gross Margin
39%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$306,160

$228,341

COGS

$186,426

$146,720

Tax

$0

$0

 

 

Net Income

$-660,490

$-102,189

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$209,489

$2,130

Accounts Receivable

$50,386

$1,205

Total Assets

$422,757

$55,854

Short-Term Debt

$58,765

$21,087

Long-Term Debt

$97,716

$108,000

Total Liabilities

$156,481

$129,087

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,131,088
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/10/2022 Wefunder $3,999,999 $69,698 Equity - Preferred Funded RegCF
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Add to portfolio
Natural Way Food Group on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $3,999,999
Price per Share: $117.33

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Warning: according to the close date for this deal, Natural Way Food Group may no longer be accepting investments.

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