[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.
Investment Overview
Raised: $12,619
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +438% YoY
- $685,495
- Monthly Burn
- Profitable
- Cash on Hand
- $6,208
- Gross Margin
- 44%
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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 |
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.