The Baconer
About this raise
The Baconer, with a valuation of $10 million, is raising funds on StartEngine. It is an award-winning specialty food brand with a portfolio of premium product lines. The company makes the thickest cuts of bacon with chef-driven flavors, exceptional quality, and responsibly-raised pork. The innovative bacon cuts of The Baconer include XXL Bacon Steaks, Ground Bacon, Smoked Lardons, Smoked Sausages, Bacon Slabs, and Bacon Strips. The Baconer has expanded its wholesale into twelve additional states in the past six months and increased sales by 300% in the past 24 months. Camilo Velasquez and Elisa Lewis founded The Baconer in April 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to expand into national grocery distribution, broaden the DTC business, further innovate the products, and expand the virtual team.
Investment Overview
Committed [Withdrawn]: $0
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 05/12/2022
- Close Date
- 07/23/2022
$10,000
$1,070,000
$250
Equity - Common
Early Stage
RegCF
$2.00
$10,000,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +57% YoY
- $634,175
- Monthly Burn
- $3,250
-
Runway
- 24+ months
- Gross Margin
- 30%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/23/2022 | StartEngine | $10,000,000 | $0 | Equity - Common | Withdrawn | RegCF |