Tia Lupita
Early Stage
Mexican food that's better for you and the planet
Overview
Raised: $86,700
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/18/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$750,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$850
# of Investors
91
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Tia Lupita, with a valuation of $8.5 million, is raising funds on Wefunder. The company sells authentic Mexican hot sauce that makes Mexican food taste better. The hot sauce of Tia Lupita comes in four flavors and is prepared using an authentic family recipe. The business reported doubled revenues year-over-year, with its DTC growing three times month-over-month. Hector Saldivar and Amy Kaufman founded Tia Lupita in June 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used for marketing, hiring, new product innovations, and store-level activation.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$752,806 |
$312,065 |
|
COGS |
$802,390 |
$318,483 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-602,267 |
$-323,863 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$149,748 |
$281,887 |
|
Accounts Receivable |
$121,914 |
$68,307 |
|
Total Assets |
$468,484 |
$533,593 |
|
Short-Term Debt |
$127,257 |
$122,204 |
|
Long-Term Debt |
$1,154,416 |
$706,054 |
|
Total Liabilities |
$1,281,673 |
$828,258 |
Financials as of: 01/18/2022
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