Sienna Sauce
Early Stage
A mouth-watering, healthy choice for all your sauce needs
Overview
Raised: $96,036
Total Commitments ($USD)
Platform
Republic
Start Date
02/28/2022
Close Date
11/11/2022
Min. Goal
$25,000
Max. Goal
$535,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$7,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$375
# of Investors
325
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Sienna Sauce, with a valuation of $7.5 million, is raising funds on Republic. The company makes tasty and healthy sauces and condiments that are low in salt and sugar and high in flavors. The guilt-free sauces of Sienna Sauce add rich flavors to pasta, rice, and other dishes and work as a great substitute for sugar- and salt-filled condiments. The products of Sienna Sauce include its signature Sweet & Tangy sauce, Lemon Pepper sauce, and Spice It Up! sauce. Monique Crayton founded Sienna Sauce in November 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used for staffing, marketing, and operational expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$127,282 |
$170,422 |
|
COGS |
$82,087 |
$77,271 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-37,266 |
$13,886 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$80,076 |
$458 |
|
Accounts Receivable |
$1,426 |
$4,775 |
|
Total Assets |
$99,454 |
$13,428 |
|
Short-Term Debt |
$568 |
$9,944 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$568 |
$9,944 |
Financials as of: 02/28/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Sienna Sauce | 04/30/2023 | Wefunder | $7,500,000 | $12,619 | SAFE | Not Funded | RegCF |
| Sienna Sauce | 11/11/2022 | Republic | $7,500,000 | $96,036 | SAFE | Funded | RegCF |
| Sienna Sauce | 06/30/2020 | Republic | $5,000,000 | $200,362 | SAFE | Funded | RegCF |
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