Philosopher Foods (2025)

Philosopher Foods (2025)

Open  for investment

About this raise

Philosopher Foods, with a valuation of $6.4 million, is raising funds on Wefunder. The company makes craft nut butters in small batches for enhanced texture, flavor, and nutrition. Philosopher Foods is scaling regenerative agriculture and creating its Regenerative Organic Certified and Glyphosate Residue Free certified almond and coconut butters. The business grew 25% to $1.1 million from 2023 to 2024 and 56.2% from 2022 to 2024. 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, working capital, hiring, and capital expenses for production needs.

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Investment Overview

Committed this round: $5,200

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/03/2025
Close Date
06/29/2025
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%

Company & Team

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
6
Prior Founder Exits?
No
Founder Name
Tim Richards
Title
CEO

Financials

as of February 1, 2025
 Revenue +34% YoY
$1,013,028
 Monthly Burn
$20,951
 Runway
3.3 months
Gross Margin
54%

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$1,013,028

$755,561

COGS

$463,468

$301,273

Tax

$0

$0

 

 

Net Income

$-548,050

$-464,138

Summary Balance Sheet

FY 2024 FY 2023

Cash

$147,507

$264,776

Accounts Receivable

$55,095

$166,296

Total Assets

$495,007

$535,381

Short-Term Debt

$181,981

$149,054

Long-Term Debt

$2,042,895

$1,546,613

Total Liabilities

$2,224,875

$1,695,667

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,348,352
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/29/2025 Wefunder $6,400,000 $5,200 Convertible Note Active RegCF
04/30/2023 Wefunder $6,400,000 $104,411 Convertible Note Funded RegCF
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Growth Charts

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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Philosopher Foods on Wefunder 2025
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,400,000

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