Taste of Nature (2023)

About this raise

Taste of Nature, with a valuation of $50 million, is raising funds on Equifund CFP. It is a confectionary and snack company that is recognized as a world leader in cookie dough confections. The product offerings of Taste of Nature include Cookie Dough Bites, Swirlz, and Muddy Bears, and are available in major outlets like Walmart, Walgreens, CVS, Amazon, and 7-11. Scott Samet and Douglas Chu founded Taste of Nature in June 1992. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $3 million. The campaign proceeds will be used for plant expansion and CAPEX, advertising and marketing, asset acquisitions and M&A, and working capital.

Investment Overview

Invested this round: $2,985,643

Deal Terms
Company & Team

Total Commitments

Platform: Equifund
Start Date: 11/04/2022
Close Date: 02/28/2023

Min. Goal
$20,000

Max Goal
$3,000,000

Min. Investment

$500

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$50,000,000

Company

Year Founded: 1992
Industry: Food, Beverage, & Restaurants
Tech Sector: Non-Tech
Distribution Model: B2C
Margin: Low
Capital Intensity: Low
Location: Santa Monica, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 37
Prior Founder Exits?: No

Founder Name: Scott Samet
Title: President

Founder Name: Douglas Chu
Title: Vice President

Financials

Revenue +66% YoY: $28,378,261
Monthly Burn: Profitable
Cash on Hand: $237,371
Gross Margin: 31%

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$28,378,261	$17,106,626
COGS	$19,515,182	$12,890,406
Tax	$2,636	$2,101


Net Income	$2,468,891	$-2,948,589

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$237,371	$399,586
Accounts Receivable	$2,591,693	$1,776,393
Total Assets	$8,211,126	$7,383,407
Short-Term Debt	$3,280,522	$2,687,006
Long-Term Debt	$3,531,983	$5,833,822
Total Liabilities	$6,812,505	$8,520,828

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Ratings

Total Prior Capital Raised: $0
VC Backed?: No

Offering Name	Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
Taste Of Nature	03/29/2024	PicMii	$106,389,282	$215,604	Equity - Common	Funded	RegCF
Taste of Nature	02/28/2023	Equifund	$50,000,000	$2,985,643	Equity - Common	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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

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View on Equifund

Common Stock, $50M • Closed

3 Following

Add to Portfolio

10 Invested

Deal Considerations

Key Challenges
- No key challenges found
Other Risks
- No other risks found

Taste of Nature (2023)

Taste of Nature (2023)

About this raise