Proper Good

Proper Good

Closed: Apr. 2020

About this raise

Proper Good, with a valuation cap of $5.5 million, is raising funds on WeFunder. The company manufactures and sells 90-second meals with bone broth and has started with soup. The products are made from high-quality ingredients and will be delivered to the doorstep of the consumers. Proper Good was founded by Christopher Jane and Jennifer Jane and has raised over $200,000 since its founding. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards the first production run, digital and influencer marketing, and brand partnerships. Proper Good expects to use a lean business model, low production quantities, and short lead times and generate more than 65% in margins.

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Investment Overview

Invested this round: $86,570

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/31/2020
Close Date
04/29/2020
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,500,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Bozeman, Montana
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Christopher Jane
Title
CEO
Founder Name
Jennifer Jane
Title
CMO

Financials

 Revenue
$0
 Cash on Hand
$50

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$50

$0

Accounts Receivable

$0

$0

Total Assets

$50

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2020 Wefunder $5,500,000 $86,570 SAFE Funded RegCF
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Add to portfolio
Proper Good on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,500,000

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

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