Sweetberry
About this raise
Sweetberry, with a valuation cap of $9 million, is raising funds on Republic. The company is known for its healthy superfood concept that brings fresh food and good vibes to the local community. The products include healthy and customized Acai Bowls, Poke Bowls, salads, wraps, smoothies, and vegan ice-cream. Sweetberry was founded in September 2017 by Desi Saran and has raised more than $1 million in previous rounds of funding. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used to hire more talent, to fund corporate build-outs, and for franchise growth and development. Sweetberry already has 19 locations nationwide and plans to grow to 30 locations by 2020. The company generated over $2 million in revenues in 2018 and expects to generate more than $4 million in 2019.
Investment Overview
Invested $372,716 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $2,089,477
- Monthly Burn
- $44,417
-
Runway
- 0.2 months
- Gross Margin
- 62%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
03/06/2020 | Republic | $9,000,000 | $372,716 | SAFE | Funded | RegCF |