tbh

Overview

Raised to Date: Raised: $719,016

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

11/29/2022

Close Date

01/20/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$50

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$15,000,000

Discount Rate

0%

Venture Capital Investors:

Idea Farm Ventures

Vibrant VC

Sandbox Ventures

Trousdale Ventures

Rolling Commitments ($USD)

Status

Funded

Reporting Date

01/31/2023

Days Remaining

Funded

% of Min. Goal

2,876%

% of Max. Goal

58%

Likelihood of Max

Funded

Avg. Daily Raise

$13,827

# of Investors

959

Momentum

Funded

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tbh

Location

New York, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

SEC Filing

Company Website

tbh, with a valuation of $15 million, is raising funds on Republic. The company makes guilt-free hazelnut cocoa spreads using high-quality ingredients. The spread of tbh is vegan, honest, and planet-conscious and contains no palm oil and 50% less sugar than traditional hazelnut spreads. tbh is available in over 100 stores on the West Coast and has reported quarterly growth of 56-145% in 2022. Noah Schnapp, Elena Guberman, and Ba Minuzzi founded tbh in June 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for the expansion of retail, launching new products, continued retail growth, research and development, and international expansion.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$72,070	$0
COGS	$73,236	$0
Tax	$0	$0
Net Income	$-683,615	$-90,462

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$65,311	$109,538
Accounts Receivable	$21,878	$0
Total Assets	$434,769	$209,538
Short-Term Debt	$21,667	$0
Long-Term Debt	$1,187,180	$300,000
Total Liabilities	$1,208,847	$300,000

Financials as of: 11/29/2022

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Today, we’re going to be talking about two of the most famous things in the world: Nutella and the Netflix show Stranger Things. 

What could these two possibly have in common?

Well, a star of Stranger Things has founded a company to compete with Nutella. 

That’s right. Noah Schnapp (or “Will Byers,” as you may know him) is the co-founder of a hazelnut-chocolate spread company called tbh.

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