Our Life Foods

Our Life Foods

Early Stage

Line of Cajun-inspired packaged foods and beverages

Line of Cajun-inspired packaged foods and beverages

Overview

Raised this Round: Raised: $38,501

Total Commitments ($USD)

Platform

Microventures

Start Date

03/18/2020

Close Date

05/18/2020

Min. Goal
$25,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Damascus, Oregon

Business Type

Life Style

Our Life Foods, with a $4 million valuation cap, is raising funds on MicroVentures. It is a packaged food company that manufactures and sells authentic Cajun products, including boxed meal kits, rubs, mixes, seasonings, and sodas. Our Life Foods distributes its products through 2,800 store locations, including retailers like Walmart, Kroger, and Publix. Our Life Foods was founded by Chris Fontenot and has raised $380,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $107,000, will be used towards general marketing, new innovation launch, and future wages. Our Life Foods has sold over 357,000 units since 2017 and generated revenues of $489,576 in 2019. 0001689683

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$489,576

$382,988

COGS

$324,625

$211,540

Tax

$0

$0

 

 

Net Income

$-145,487

$-154,407

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$20,275

$3,953

Accounts Receivable

$60,422

$24,264

Total Assets

$345,168

$39,200

Short-Term Debt

$347,865

$192,859

Long-Term Debt

$452,548

$117,669

Total Liabilities

$800,413

$310,528

Financials as of: 03/18/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Our Life Foods 04/06/2021 SMBX - $71,840 Debt Funded RegCF
Our Life Foods 05/17/2020 Microventures $4,000,000 $38,501 Convertible Note Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Our Life Foods on Microventures
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,000,000

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