Sienna Sauce

Early Stage

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

Overview

Raised to Date: Raised: $2,198

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/30/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$586,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$7,500,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

4%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$34

Momentum
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Location

Houston, Texas

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Sienna Sauce, with a valuation of $7.5 million, is raising funds on Wefunder. 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 $50,000 and a maximum target of $586,000. The campaign proceeds will be used for working capital, inventory, operations, and sales and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$685,495

$127,282

COGS

$383,457

$82,087

Tax

$0

$0

 

 

Net Income

$14,560

$-37,266

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,208

$80,076

Accounts Receivable

$11,374

$1,426

Total Assets

$40,966

$99,454

Short-Term Debt

$29,918

$568

Long-Term Debt

$0

$0

Total Liabilities

$29,918

$568

Financials as of: 11/30/2022
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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 $2,198 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 Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $7,500,000
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