Natural Way Food Group
Early Stage
The ONLY nut butter made with olive oil that's healthier for you and the planet!
Overview
Raised: $69,698
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/10/2022
Close Date
11/10/2022
Min. Goal
$50,101
Max. Goal
$1,069,962
Min. Investment
$117
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$117.33
Pre-Money Valuation
$3,999,999
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$571
# of Investors
32
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 07/10/2022
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