ReThink Ice Cream
All-natural, “tummy friendly” dairy ice cream currently available in over 490 retailers including Whole Foods
Overview
Raised: $121,428
Total Commitments ($USD)
Platform
Microventures
Start Date
04/22/2021
Close Date
07/31/2021
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
Funding Type
RegCF
Valuation Cap
$5,000,000
Discount Rate
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/01/2021
Days Remaining
Funded
% of Min. Goal
486%
% of Max. Goal
49%
Likelihood of Max
Funded
Avg. Daily Raise
$1,214
# of Investors
245
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Location
Napa, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
ReThink Ice Cream, with a $5 million valuation cap, is raising funds on MicroVentures. The company makes low-sugar and tummy-friendly ice creams using all-natural ingredients, collagen, whey protein isolate, and prebiotic fiber. George Haymaker founded ReThink Ice Cream in 2018 and raised $70,000 in its pre-seed round of financing. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $250,000, and the funds will be used for social media advertising, PR, sampling, influencer marketing, and working capital. ReThink Ice Cream is currently available with 490 retailers and reported a revenue of $419,445 in 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$419,445 |
$439,958 |
|
COGS |
$315,104 |
$523,438 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-917,022 |
$-1,392,281 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$86,362 |
$146,830 |
|
Accounts Receivable |
$23,937 |
$18,264 |
|
Total Assets |
$389,927 |
$355,506 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$1,799,825 |
$1,490,914 |
|
Total Liabilities |
$1,799,825 |
$1,490,914 |
Financials as of: 04/22/2021
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
