Sun & Swell

Sun & Swell

Early Stage

An online, plastic-free health food store

An online, plastic-free health food store

Overview

Raised to Date: Raised: $689,312

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/11/2021

Close Date

05/08/2021

Min. Goal
$100,000
Max. Goal
$750,000
Min. Investment

$500

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$9,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$25,530

# of Investors

370

Momentum
Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Santa Barbara, California

Business Type

Growth

Sun & Swell, with a $9.5 million valuation cap, is raising funds on Wefunder. It is an online grocery store that is reinventing the world of grocery and putting people and the planet first. The store allows consumers to purchase organic and healthy food in plastic-free -packaging. Kate Flynn and Bryan Flynn founded Sun & Swell in 2018. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $750,000, will be used for marketing, hiring, product development, and working capital. Sun & Swell grew its online market to a $500,000 annual run rate in less than twelve months. The business is the first online plastic-free health food store and has won awards for sustainability.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$405,020

$380,951

COGS

$205,114

$228,998

Tax

$0

$0

 

 

Net Income

$-96,980

$-188,437

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$78,566

$29,878

Accounts Receivable

$11,676

$45,779

Total Assets

$251,915

$230,031

Short-Term Debt

$181,520

$138,614

Long-Term Debt

$139,028

$83,070

Total Liabilities

$320,548

$221,684

Financials as of: 04/11/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sun & Swell 11/20/2023 Wefunder $18,000,000 $247,398 Equity - Preferred Funded RegCF
Sun & Swell 05/08/2021 Wefunder $9,500,000 $689,312 SAFE Funded RegCF
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Sun & Swell on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $9,500,000

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