Porter Road

Porter Road

Early Stage

Delivering Life-Changing Meat

Delivering Life-Changing Meat

Overview

Raised this Round: Raised: $869,871

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/21/2024

Close Date

08/19/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$40,315,498

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Nashville, Tennessee

Porter Road, with a valuation of $40.32 million, is raising funds on StartEngine. It is a farm-to-fork operation specializing in US pasture-raised beef and forested pork. Porter Road has a proprietary supply chain and aims to revolutionize the sourcing, raising, and accessibility of sustainable meat across the country. The business has generated $58 million in lifetime sales and reported a 72% repeat customer rate from April 2023 to March 2024. Chris Carter, James Peisker, and Ryan McIntyre founded Porter Road in July 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$12,661,938

$14,571,682

COGS

$11,204,352

$11,328,707

Tax

$0

$0

 

 

Net Income

$-5,181,250

$-2,054,762

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,019,976

$1,227,761

Accounts Receivable

$121,994

$126,829

Total Assets

$2,532,803

$4,024,252

Short-Term Debt

$0

$0

Long-Term Debt

$11,491,554

$8,086,645

Total Liabilities

$11,491,554

$8,086,645

Financials as of: 05/21/2024
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Porter Road on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,315,498
Price per Share: $2.50

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