Painterland Sisters

Painterland Sisters

Early Stage

Female farmer-owned organic yogurt making a difference

Female farmer-owned organic yogurt making a difference

Overview

Raised to Date: Raised: $1,235,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/29/2023

Close Date

01/31/2024

Min. Goal
$150,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,744

# of Investors

742

Momentum
Funded
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

LITITZ, Pennsylvania

Business Type

Growth

Painterland Sisters, with a valuation of $15 million, is raising funds on Wefunder. It is a fast-growing organic yogurt brand that makes Icelandic-type skyr yogurt. The business uses milk from its family’s farm and other farms in the area that use less energy and release fewer carbon emissions than conventional farms. Painterland Sisters sells its yogurt through 1,500 locations in 45 states and has generated $1.3 million in sales. Hayley Painter and Stephanie Painter founded Painterland Sisters in August 2020. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.2 million. The campaign proceeds will be used for inventory purchase, co-packing, staff, trade spending, marketing, and paying down debt.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$653,769

$600

COGS

$565,559

$11,726

Tax

$0

$0

 

 

Net Income

$-813,863

$-156,532

Summary Balance Sheet

FY 2022 FY 2021

Cash

$123,536

$9,206

Accounts Receivable

$165,295

$78

Total Assets

$359,596

$9,900

Short-Term Debt

$357,240

$64,694

Long-Term Debt

$771,856

$104,131

Total Liabilities

$1,129,096

$168,825

Financials as of: 06/29/2023
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Painterland Sisters on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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