Pacha
Early Stage
2-ingredient organic, gluten-free bread with explosive e-commerce sales
Overview
$721,352 - RegCF
$1,535,348 - Total
$1,535,348 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/29/2023
Close Date
06/30/2023
Min. Goal
$50,004
Max. Goal
$1,234,997
Min. Investment
$200
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$7.00
Early Bird Valuation
$3,293,100
Pre-Money Valuation
$3,841,950
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,841
# of Investors
715
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Pacha, with a valuation of $3.9 million, is raising funds on Wefunder. The company makes organic and gluten-free bread using healthy and delicious ingredients. The sprouted buckwheat bread of Pacha does not contain any harmful additives and is made using naturally-occurring wild yeast as the main ingredient. Pacha has reported a $1.5 million run rate in seven months, with 46% month-over-month subscription growth and 60% month-over-month repeat customer growth. Adam Hiner founded Pacha in June 2020. The current crowdfunding campaign has a minimum target of $50,004 and a maximum target of $1.23 million. The campaign proceeds will be used for equipment and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$352,647 |
$74,017 |
|
COGS |
$663,816 |
$216,875 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-808,047 |
$-320,393 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$113,339 |
$310,861 |
|
Accounts Receivable |
$11,880 |
$19,524 |
|
Total Assets |
$233,492 |
$427,138 |
|
Short-Term Debt |
$134,488 |
$8,033 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$134,488 |
$8,033 |
Financials as of: 03/29/2023
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