Philosopher Foods (2023)

About this raise

Philosopher Foods, with a valuation of $6.4 million, is raising funds on Wefunder. The company makes craft nut butters that are made in small batches for enhanced texture, flavor, and nutrition. The business is scaling regenerative agriculture and creating its Regenerative Organic Certified and Glyphosate Residue Free certified almond and coconut butters. Philosopher Foods grew 36% in 2020 and 40% in 2021 and is on track for a record year in 2022. Tim Richards founded Philosopher Foods in May 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, hiring, capital expenses for production needs, and working capital.

Investment Overview

Invested this round: $104,411

Deal Terms
Company & Team

Total Commitments

Platform: Wefunder
Start Date: 11/01/2022
Close Date: 04/30/2023

Min. Goal
$50,000

Max Goal
$124,000

Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF

Valuation Cap

$6,400,000

Discount

20%

Company

Year Founded: 2014
Industry: Food, Beverage, & Restaurants
Tech Sector: Non-Tech
Distribution Model: B2B/B2C
Margin: Medium
Capital Intensity: Low
Location: Santa Cruz, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 10
Prior Founder Exits?: No

Founder Name: Tim Richards
Title: CEO

Financials

Revenue +45% YoY: $831,044
Monthly Burn: $15,450
Runway: 4 months
Gross Margin: 51%

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$831,044	$572,281
COGS	$406,327	$167,371
Tax	$800	$3,326


Net Income	$-185,400	$47,192

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$61,774	$21,048
Accounts Receivable	$161,358	$17,553
Total Assets	$453,850	$228,836
Short-Term Debt	$116,910	$82,222
Long-Term Debt	$509,133	$141,676
Total Liabilities	$626,043	$223,898

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Ratings

Total Prior Capital Raised: $189,658
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
06/29/2025	Wefunder	$6,400,000	$8,950	Convertible Note	Active	RegCF
04/30/2023	Wefunder	$6,400,000	$104,411	Convertible Note	Funded	RegCF

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Revenue
Valuation
Employees

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

Employee History

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View on Wefunder

Conv. Note, $6.4M • Closed

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1 Invested

Deal Considerations

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Key Challenges
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Other Risks
- No other risks found

Philosopher Foods (2023)

Philosopher Foods (2023)

About this raise