tbh
About this raise
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.
Investment Overview
Invested : $719,016
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 11/29/2022
- Close Date
- 01/20/2023
$25,000
$1,235,000
$50
SAFE
Seed
RegCF
$15,000,000
0%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
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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.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,071,980
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/20/2023 | Republic | $15,000,000 | $719,016 | SAFE | Funded | RegCF |