ReThink Ice Cream

ReThink Ice Cream

Early Stage

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

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

Overview

Raised to Date: Raised: $102,204

Total Commitments ($USD)

Platform

Republic

Start Date

11/04/2021

Close Date

02/21/2022

Min. Goal
$25,000
Max. Goal
$410,000
Min. Investment

$150

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$946

# of Investors

227

Momentum
Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Napa, California

Business Type

Growth

Company Website

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: 11/04/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ReThink Ice Cream 02/20/2022 Republic $5,000,000 $102,204 SAFE Funded RegCF
ReThink Ice Cream 07/30/2021 Microventures $5,000,000 $121,428 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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ReThink Ice Cream on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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