Sienna Sauce (2020)

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%.

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Investment Overview

Invested this round: $200,362

Deal Terms

Total Commitments

Platform
Republic
Start Date
02/26/2020
Close Date
06/30/2020
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$50

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Houston, Texas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Founder Name
Tyla-Simone Crayton
Title
CEO

Financials

 Revenue
$191,851
 Monthly Burn
$2,225
 Runway
0.2 months
 Gross Margin
53%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$191,851

$0

COGS

$90,904

$0

Tax

$0

$0

 

 

Net Income

$-26,705

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$521

$0

Accounts Receivable

$0

$0

Total Assets

$1,439

$0

Short-Term Debt

$16,686

$0

Long-Term Debt

$0

$0

Total Liabilities

$16,686

$0

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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
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Growth Charts

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.

Valuation History

Employee History

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Sienna Sauce on Republic
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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Warning: according to the close date for this deal, Sienna Sauce may no longer be accepting investments.

Sienna Sauce Deal Report

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