Philosopher Foods

Philosopher Foods

Early Stage

Best nut butters on and for the planet - we're scaling regenerative agriculture!

Best nut butters on and for the planet - we're scaling regenerative agriculture!

Overview

Raised this Round: Raised: $104,411

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/31/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,400,000

Discount

20%

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

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.

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

Financials as of: 10/31/2022
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Philosopher Foods on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,400,000

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Warning: according to the close date for this deal, Philosopher Foods may no longer be accepting investments.

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