The Worthy Company

Early Stage

Reinventing plant based foods by harnessing the power of whole food ingredients.

Analytics

Raised to Date: Raised: $100,580

Aggregate Commitments $

Platform

Wefunder

Start Date

12/22/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,500,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

101

% of Min. Goal

201%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,592

Momentum
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Location

Chicago, Illinois

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

The Worthy Company, with a valuation of $5.5 million, is raising funds on Wefunder. The company is reinventing plant-based foods by harnessing the power of plants. The Worthy Bowls of The Worthy Company offer high fiber, protein, essential amino acids, Omega 3s and 6s, antioxidants, vitamins, and minerals. The Worthy Company is mission-driven and building an award-winning product. Sarah Renahan and Nydia Shipman founded The Worthy Company in 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, sales support, scaling of operations, and R&D.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$159,927

$129,683

COGS

$212,850

$214,580

Tax

$0

$0

 

 

Net Income

$-724,530

$-445,311

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$27,861

Accounts Receivable

$3,595

$0

Total Assets

$204,879

$149,643

Short-Term Debt

$156,869

$51,627

Long-Term Debt

$1,644,076

$969,552

Total Liabilities

$1,800,945

$1,021,179

Financials as of: 12/22/2021
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The Worthy Company on Wefunder 2021
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,500,000

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