Sienna Sauce

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $12,619

Deal Terms

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

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,500,000

Discount

20%

Company & Team

Company

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

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Tyla-Simone Crayton
Title
CEO
Founder Name
Monique Crayton
Title
President

Financials

 Revenue +438% YoY
$685,495
 Monthly Burn
Profitable
 Cash on Hand
$6,208
Gross Margin
44%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$229,000
VC Backed?
No
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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Sienna Sauce on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $7,500,000

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

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