Sugarfina

Growth Stage

Candy made for grown-ups

Overview

Raised to Date: 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
unlikely
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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Sugarfina on Republic 2023
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Platform: Republic
Security Type: SAFE
Valuation: $125,000,000
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