The Worthy Company

The Worthy Company

Closed: Mar. 2022

About this raise

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.

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Investment Overview

Invested this round: $101,580

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
12/22/2021
Close Date
03/26/2022
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$5,500,000

Discount

20%

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Sarah Renahan
Title
CEO
Founder Name
Nydia Shipman
Title
CCO

Financials

 Revenue +23% YoY
$159,927
 Monthly Burn
$60,378
 Runway
0 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/26/2022 Wefunder $5,500,000 $101,580 Convertible Note Funded RegCF
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The Worthy Company on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,500,000

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