Sunken Stone

Early Stage

Turn-key solution using custom software to help brands sell more on Amazon

Analytics

Raised to Date: 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

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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Location

San Diego, California

Industry

Marketing & Advertising

Tech Sector

CommerceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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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