Sunken Stone
About this raise
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.
Investment Overview
Invested : $584,230
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/28/2020
- Close Date
- 02/12/2021
$50,000
$1,070,000
$500
Equity - Preferred
Growth Stage
RegCF
$5.00
$10,700,000
Company & Team
Company
- Year Founded
- 2009
- Industry
- Marketing & Advertising
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +47% YoY
- $31,496,566
- Monthly Burn
- Profitable
-
Cash on Hand
- $504,580
- Gross Margin
- 8%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/12/2021 | Wefunder | $10,700,000 | $584,230 | Equity - Preferred | Funded | RegCF |
Founder Interview
Sunken Stone Founder Adam Weiler Talks Amazon Expertise
E-commerce continues to grow and dominate the consumer market. And there's no denying that Amazon is one of the most used hubs for e-commerce. But selling through Amazon can often be a time-consuming and complicated process. From stiff competition to timed customer inquiries to distribution issues, being part of the Amazon marketplace is a major commitment for businesses.Sunken Stone wants to make that commitment simpler and easier to handle. Through a trademarked software platform, the company helps other brands as they establish their Amazon presence. We sat down with founder and CEO Adam Weiler to discuss his team's Amazon expertise and the question of acquisition.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.