Sun & Swell

Sun & Swell

Closed: May. 2021

About this raise: 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.

Expand

Investment Overview

Invested this round: $689,312

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/12/2021
Close Date
05/09/2021
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Bryan Flynn
Title
CSO
Founder Name
Laurel Kathleen Flynn
Title
CEO

Financials

 Revenue +6% YoY
$405,020
 Monthly Burn
$8,082
 Runway
9.7 months
Gross Margin
49%

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/21/2023 Wefunder $18,000,000 $247,398 Equity - Preferred Funded RegCF
05/09/2021 Wefunder $9,500,000 $689,312 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Sun & Swell on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $9,500,000

Follow company

Follow Sun & Swell on Wefunder

Buy Sun & Swell's Deal Report

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

Sun & Swell Deal Report

Get Kingscrowd's comprehensive report on Sun & Swell including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Sun & Swell is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Sun & Swell deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge