Sienna Sauce

Early Stage

A mouth-watering, healthy choice for all your sauce needs

Overview

Raised to Date: Raised: $200,362

Total Commitments ($USD)

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

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/05/2020

Days Remaining
Funded
% of Min. Goal

801%

% of Max. Goal

19%

Likelihood of Max
Funded
Avg. Daily Raise

$1,603

# of Investors

1,428

Momentum
Funded
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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

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%.

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

Financials as of: 02/26/2020
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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 $5,698 SAFE Active 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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Sienna Sauce on Republic
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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