Sienna Sauce (2020)
About this raise
Sienna Sauce, with a valuation cap of $5 million, is raising funds on Republic. The company offers a variety of healthy and mouth-watering sauces that can be used on seafood, poultry, meat, and vegetables. The sauces of Sienna Sauce are gluten-free and HCFS-free. The three current flavors include Tangy, Spicy, and Lemon Pepper. Sienna Sauce was founded by Tyla-Simone Crayton and has raised $35,000 in funding at pitch competitions. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to expand the brand in over 100 stores in the US by 2021. Sienna Sauce has already sold over 25,000 bottles in 50 retail locations and is currently a profitable company with profit margins between 66% and 68%.
Investment Overview
Invested : $200,362
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 02/26/2020
- Close Date
- 06/30/2020
$25,000
$1,070,000
$50
SAFE
Early Stage
RegCF
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $191,851
- Monthly Burn
- $2,225
-
Runway
- 0.2 months
- Gross Margin
- 53%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $7,500,000 | $12,619 | SAFE | Not Funded | RegCF |
| 11/11/2022 | Republic | $7,500,000 | $96,036 | SAFE | Funded | RegCF |
| 06/30/2020 | Republic | $5,000,000 | $200,362 | SAFE | Funded | RegCF |