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