Sugarfina

Growth Stage

Candy made for grown-ups

Analytics

Raised to Date: Raised: $1,308,324

Aggregate Commitments $

Platform

StartEngine

Start Date

11/05/2020

Close Date

06/30/2022

Min. Goal

$500

Max. Goal

$25,875,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegA+

Series

Series A

Price Per Share

$10.35

Pre-Money Valuation

$125,000,000

Rolling Commitments $

Status
Funded
Reporting Date

07/03/2022

Days Remaining
Funded
% of Min. Goal

261,665%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$2,173

Momentum
Funded
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Location

El Segundo, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Sugarfina, a candy brand for grown-ups, is raising funds on StartEngine through Reg A+ crowdfunding. The company 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. Scott LaPorta founded Sugarfina in 2019. The current round of funding does not have a minimum target and a maximum target of $25,875,000. The proceeds will be used for product development, brand marketing, development of a new warehouse, and working capital. Sugarfina is an iconic brand with over 470,000 e-commerce customers. It has generated over $18 million in revenue since its inception.

Balance Sheet

Cash and Cash Equivalents

$1,892,775

Investment Securities

$0

Accounts and Notes Receivable

$470,031

Property, Plant and Equipment (PP&E)

$549,901

Total Assets

$11,759,305

Accounts Payable & Accrued Liabilities

$3,103,632

Long Term Debt

$18,241,085

Total Liabilities

$21,913,809

Total Stockholders' Equity

$-10,154,504

Total Liabilities and Equity

$11,759,305

Statement of Comprehensive Income Information

Total Revenues

$9,696,595

Costs & Expenses Applicable to Rev

$4,840,472

Depreciation and Amortization

$193,951

Net Income

$-4,100,746

Earnings Per Share - Basic

$-4,101.00

Earnings Per Share - Diluted

$-4,101.00

Auditor: Windes, Inc
Financials as of: 11/05/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sugarfina 12/31/2022 Republic $125,000,000 $3,006,269 Equity - Common Active RegA+
Sugarfina 06/30/2022 StartEngine $125,000,000 $1,308,324 Equity - Common Funded RegA+
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Sugarfina on StartEngine
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $125,000,000
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