Philosopher Foods

Early Stage

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

Overview

Raised to Date: Raised: $81,311

Total Commitments ($USD)

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

Series

Seed

Funding Type

RegCF

Valuation Cap

$6,400,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

163%

% of Max. Goal

66%

Likelihood of Max
extremely
Avg. Daily Raise

$884

# of Investors

53

Momentum
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Location

Santa Cruz, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

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: 11/01/2022
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Philosopher Foods on Wefunder 2022
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,400,000

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