Sugarfina
Growth Stage
Candy made for grown-ups
Overview
Raised: $500
Total Commitments ($USD)
Platform
Republic
Start Date
01/23/2023
Close Date
04/30/2023
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment
$500
Security Type
SAFE
Funding Type
RegCF
Valuation Cap
$125,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
88
% of Min. Goal
2%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$56
# of Investors
1
Momentum
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Location
El Segundo, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Sugarfina, with a valuation of $125 million, is raising funds on Republic. The candy brand for grown-ups has redefined the confectionery market with its comprehensive line of luxury sweets for everyone. The products are focused on luxury, playfulness, and innovation, in addition to deliciousness. Sugarfina sells through 25 retail boutiques and HK franchise stores and generated $30.6 million in revenue in 2021. Scott LaPorta founded Sugarfina in 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for product development, marketing, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$30,607,926 |
$24,992,247 |
|
COGS |
$15,363,495 |
$13,184,826 |
|
Tax |
$26,159 |
$5,463 |
| ||
| ||
|
Net Income |
$-3,882,610 |
$-4,694,881 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,369,342 |
$2,194,883 |
|
Accounts Receivable |
$1,854,571 |
$1,111,239 |
|
Total Assets |
$10,846,163 |
$10,964,800 |
|
Short-Term Debt |
$2,675,901 |
$3,345,546 |
|
Long-Term Debt |
$12,650,406 |
$10,402,819 |
|
Total Liabilities |
$15,326,307 |
$13,748,365 |
Financials as of: 01/23/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Sugarfina | 04/30/2023 | Republic | $125,000,000 | $500 | SAFE | Active | RegCF |
| Sugarfina | 09/30/2022 | Republic | $125,000,000 | $2,997,567 | Equity - Common | Funded | RegA+ |
| Sugarfina | 06/30/2022 | StartEngine | $125,000,000 | $1,308,324 | Equity - Common | Funded | RegA+ |
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