Rootless

Rootless

Early Stage

Where self care meets planetary care

Where self care meets planetary care

Overview

Raised to Date: Raised: $57,000

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

03/07/2024

Close Date

07/06/2024

Min. Goal
$10,000
Max. Goal
$1,234,999
Min. Investment

$1,500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.80

Pre-Money Valuation

$13,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

81

% of Min. Goal

570%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,462

# of Investors

11

Momentum
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Location

San Francisco, California

Rootless, with a valuation of $13 million, is raising funds on Dealmaker Securities. The company makes whole food supplements for women’s hormonal health. Rootless Daily Bite is made using seaweed, dates, almonds, and sunflower and sesame seeds and contains iodine, bioavailable electrolytes, prebiotic fiber, and key micronutrients and minerals to support overall hormone health. The business has generated gross revenues of $624,000 till February 2024, with an ARR of $425,000 and gross margins of 51%. Sachi Singh founded Rootless in February 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for product research and development, marketing, consultant services, employment and talent acquisition, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$132,332

$5,136

COGS

$232,420

$31,356

Tax

$1,656

$0

 

 

Net Income

$-800,523

$-553,123

Summary Balance Sheet

FY 2022 FY 2021

Cash

$217,764

$397,160

Accounts Receivable

$0

$0

Total Assets

$300,185

$478,054

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/07/2024
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Rootless on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $13,000,000
Price per Share: $0.80

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Follow Rootless on Dealmaker Securities 2024

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