Sugarfina

Growth Stage

Candy made for grown-ups

Analytics

Raised to Date: Raised: $945,305

Aggregate Commitments $

Platform

StartEngine

Start Date

11/05/2020

Close Date

09/30/2021

Min. Goal

$500

Max. Goal

$25,875,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegA+

Series

Series A

Pre-Money Valuation

$125,000,000

Rolling Commitments $

Status

Active

Reporting Date

09/18/2021

Days Remaining

12

% of Min. Goal

189,061%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,982

Momentum
cold
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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

Total Investments

$0

Accounts and Notes Receivable

$470,031

Loans

$0

Property, Plant and Equipment (PP&E)

$549,901

Property and Equipment

$0

Total Assets

$11,759,305

Accounts Payable & Accrued Liabilities

$3,103,632

Policy Liabilities and Accruals

$0

Deposits

$0

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

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$4,840,472

Total Interest Expenses

$0

Depreciation and Amortization

$193,951

Net Income

$-4,100,746

Earnings Per Share - Basic

$-4,101

Earnings Per Share - Diluted

$-4,101

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 12/31/2021 Republic $125,000,000 $2,239,657 Equity - Common Active RegA+
Sugarfina 09/30/2021 StartEngine $125,000,000 $945,305 Equity - Common Active RegA+
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