Sugarfina

About this raise

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.

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Investment Overview

Invested this round: $1,308,324

Deal Terms

Total 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

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.35

Pre-Money Valuation

$125,000,000

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
El Segundo, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
185
Prior Founder Exits?
Yes
Founder Name
Josh Resnick
Title
Ex-CEO
Founder Name
Rosie Colleen O'Neill
Title
Co-CEO

Financials

 Revenue
$18,000,000
 Monthly Burn
$341,729
 Runway
5.5 months

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
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/15/2023 Republic $125,000,000 $119,217 SAFE Funded RegCF
09/30/2022 Republic $125,000,000 $2,997,567 Equity - Common Funded RegA+
06/30/2022 StartEngine $125,000,000 $1,308,324 Equity - Common Funded RegA+
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Sugarfina on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $125,000,000
Price per Share: $10.35

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Warning: according to the close date for this deal, Sugarfina may no longer be accepting investments.

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