To’ak Chocolate

To’ak Chocolate

Closed: Jan. 2025

About this raise: To’ak Chocolate, with a valuation of $6 million, is raising funds on Wefunder. It is a chocolate company in Chicago, Illinois, reimagining the chocolate industry and rewarding nature, farmers, and consumers. To’ak Chocolate is an aspirational yet affordable luxury brand with a rapidly growing customer base. The business is driven by strong ethics and generated $1 million in revenue in 2023. Dennise Valencia and Carl Schweizer founded To’ak Chocolate in August 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for streamlining and strengthening operations, producing inventory, cost optimization measures, a new product launch, and transitioning to a new fulfillment solution.

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Investment Overview

Invested this round: $217,865

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/02/2024
Close Date
01/17/2025
Min. Goal
$50,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,800,000

Valuation Cap

$6,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Winnetka, Illinois
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Gerald Toth
Title
Director
Founder Name
Dennise Valencia
Title
CEO
Founder Name
Carl Schweizer
Title
Brand Director

Financials

as of August 1, 2024
 Revenue +59% YoY
$947,927
 Monthly Burn
$23,535
 Runway
3.3 months
Gross Margin
34%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$947,927

$596,097

COGS

$629,374

$614,487

Tax

$1,470

$0

 

 

Net Income

$-81,918

$-462,422

Summary Balance Sheet

FY 2023 FY 2022

Cash

$31,198

$78,088

Accounts Receivable

$106,322

$50,578

Total Assets

$244,862

$288,395

Short-Term Debt

$356,105

$286,049

Long-Term Debt

$0

$0

Total Liabilities

$356,105

$286,049

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,050,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/17/2025 Wefunder $6,000,000 $217,865 SAFE Funded RegCF
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Add to portfolio
To’ak Chocolate on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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