Simple Kneads
Early Stage
Artisanal GF Bread
Overview
Raised: $77,584
Total Commitments ($USD)
Platform
Republic
Start Date
11/17/2023
Close Date
02/14/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$150
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
74
% of Min. Goal
155%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$5,172
# of Investors
107
Momentum
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Graham, North Carolina
Simple Kneads, with a valuation of $20 million, is raising funds on Republic. The company makes nutritious and plant-based gluten-free sourdough bread. Simple Kneads’ sourdough bread is made using high-quality ingredients and does not contain any starches, fillers, gums, or allergens. The business has a loyal customer base and reported a quarter-over-quarter growth of 22%, and expects to generate $5.5 million in sales in 2023. Tristaun LeClaire founded Simple Kneads in September 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for new product marketing, research and development, new hires, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,592,601 |
$3,087,079 |
|
COGS |
$2,142,370 |
$1,728,061 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-367,353 |
$-101,714 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$64,949 |
$26,927 |
|
Accounts Receivable |
$224,314 |
$183,817 |
|
Total Assets |
$881,827 |
$470,192 |
|
Short-Term Debt |
$1,204,238 |
$396,006 |
|
Long-Term Debt |
$17,413 |
$46,657 |
|
Total Liabilities |
$1,221,651 |
$442,663 |
Financials as of: 11/17/2023
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