Taste of Nature (2023)

Taste of Nature (2023)

Closed: Feb. 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.

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Investment Overview

Invested this round: $2,985,643

Deal Terms

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    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$50,000,000

Company & Team

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%

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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Company Funding & Growth

Funding history

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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Growth Charts

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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Taste of Nature on Equifund CFP 2022
Platform: Equifund
Security Type: Equity - Common
Valuation: $50,000,000
Price per Share: $1.00

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Warning: according to the close date for this deal, Taste of Nature may no longer be accepting investments.

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