Sunken Stone
Early Stage
Turn-key solution using custom software to help brands sell more on Amazon
Analytics
Raised: $584,230
Aggregate Commitments $
Platform
Wefunder
Start Date
10/28/2020
Close Date
02/12/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Equity - Preferred
Funding Type
RegCF
Series
Seed
Price Per Share
$5.00
Pre-Money Valuation
$10,700,000
Rolling Commitments $
Status
Funded
Reporting Date
02/28/2021
Days Remaining
Funded
% of Min. Goal
1,168%
% of Max. Goal
55%
Likelihood of Max
Funded
Avg. Daily Raise
$5,460
Momentum
Funded
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Founder Profile
Location
San Diego, California
Industry
Marketing & Advertising
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Sunken Stone, with a pre-money valuation of $10.7 million, is raising crowdfunding on Wefunder. It is a turnkey solution provider that uses custom software to help businesses sell more on Amazon. The company allows brands establish themselves on Amazon and is recognized as one of the top 500 Amazon sellers on the Marketplace. Adam Weiler founded Sunken Stone in 2009 and has raised over $1 million since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,070,000, and the funds will be used for external marketing, internal software development, and potential mergers and acquisitions. Sunken Stone has reported a rapid new account growth with 40.87% CAGR since January 2017 and $35 million in sales in 2020 alone.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$31,496,566 |
$21,460,468 |
|
COGS |
$29,094,755 |
$19,492,106 |
|
Tax |
$35,609 |
$17,287 |
| ||
| ||
|
Net Income |
$141,544 |
$256,911 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$504,580 |
$544,429 |
|
Accounts Receivable |
$21,849 |
$3,000 |
|
Total Assets |
$1,247,972 |
$1,124,694 |
|
Short-Term Debt |
$1,152,799 |
$926,618 |
|
Long-Term Debt |
$95,412 |
$95,412 |
|
Total Liabilities |
$1,248,211 |
$1,022,030 |
Financials as of: 10/28/2020
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