Son Fish Sauce

Son Fish Sauce

Open  for investment

About this raise: Son Fish Sauce, with a valuation of $25 million, is raising funds on Wefunder. The company makes authentic Vietnamese fish sauce with a zero-waste mission. Son Fish Sauce serves as a healthy alternative to table salt and allows consumers to add the popular umami flavor to their food in a healthy way. The business is on track to generate $1 million in revenue in the first twelve months of the launch and has signed eight contracts with distributors worth $14.5 million. Danny Tran and Tuyen Tran founded Son Fish Sauce in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used to fund future purchase orders, marketing, and operations.

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Investment Overview

Committed this round: $45,050

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
12/13/2024
Close Date
04/12/2025
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$22,500,000

Valuation Cap

$25,000,000

Discount

10%

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Dover, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Danny Tran
Title
CEO
Founder Name
Tuyen Tran
Title
President

Financials

as of October 1, 2024
 Revenue
$272,850
 Monthly Burn
Profitable
 Cash on Hand
$50,000
Gross Margin
23%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$272,850

$0

COGS

$209,296

$0

Tax

$0

$0

 

 

Net Income

$3,236

$-315,321

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,558

$27,457

Accounts Receivable

$0

$0

Total Assets

$186,558

$124,624

Short-Term Debt

$58,698

$0

Long-Term Debt

$440,000

$440,000

Total Liabilities

$498,698

$440,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$440,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/12/2025 Wefunder $25,000,000 $45,050 SAFE Active RegCF
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Add to portfolio
Son Fish Sauce on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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Follow Son Fish Sauce on Wefunder 2024

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