ReThink Ice Cream

Early Stage

All-natural, “tummy friendly” dairy ice cream currently available in over 490 retailers including Whole Foods

Analytics

Raised to Date: Raised: $10,648

Aggregate Commitments $

Platform

Republic

Start Date

11/05/2021

Close Date

02/21/2022

Min. Goal

$25,000

Max. Goal

$410,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

85

% of Min. Goal

43%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$463

Momentum
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Location

Napa, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

ReThink Ice Cream, with a valuation of $5 million, is raising funds on Republic. The company makes low-sugar and tummy-friendly ice creams using all-natural ingredients, collagen, whey protein isolate, and prebiotic fiber. ReThink Ice Cream is currently available with 500 retailers and expects to generate a revenue of $1.35 million in 2022. George Haymaker founded ReThink Ice Cream in 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $410,000. The campaign proceeds will be used for marketing campaigns, R&D for recipe development, inventory investment, and onboarding new retail partners.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$560,901

$485,412

COGS

$315,104

$523,438

Tax

$0

$0

 

 

Net Income

$-873,169

$-1,493,562

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$87,362

$147,830

Accounts Receivable

$23,937

$18,264

Total Assets

$270,487

$255,084

Short-Term Debt

$511,828

$332,070

Long-Term Debt

$1,391,716

$1,226,798

Total Liabilities

$1,903,544

$1,558,868

Financials as of: 11/05/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ReThink Ice Cream 02/21/2022 Republic $5,000,000 $10,648 SAFE Active RegCF
ReThink Ice Cream 07/31/2021 Microventures $5,000,000 $121,428 Convertible Note Funded RegCF
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ReThink Ice Cream on Republic 2021
$
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000
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