Toast! Supplements

Toast! Supplements

Early Stage

Dietary supplement brand that has sold over $100,000 of its unique gummy product lines

Dietary supplement brand that has sold over $100,000 of its unique gummy product lines

Overview

Raised to Date: Raised: $27,210

Total Commitments ($USD)

Platform

Microventures

Start Date

06/22/2021

Close Date

01/02/2022

Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$141

# of Investors

73

Momentum
Funded
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Year Founded

2017

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Lincoln, Massachusetts

Business Type

Growth

Toast! Supplements, with a $5 million valuation cap, is raising crowdfunding on MicroVentures. The company makes tasty and appealing gummy supplements that support the liver, improve sleep quality, and provide immune support. The business manufactures its supplements in partnership with a quality American candy maker and has an ingredient supply relationship with another company. Sean O’Neill founded Toast! Supplements in 2017 and has raised $220,000 in previous rounds of financing. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used for manufacturing, marketing, content creation and design, debt repayment, research and development, equipment purchases, and working capital. Toast! Supplements reported $64,000 in revenue in the fourth quarter of 2020 and $19,000 in the first quarter of 2021, with gross margins over 70%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$81,342

$29,108

COGS

$25,019

$16,999

Tax

$0

$0

 

 

Net Income

$-83,097

$-125,929

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$51,909

$25,002

Accounts Receivable

$0

$0

Total Assets

$71,239

$90,824

Short-Term Debt

$234,305

$170,793

Long-Term Debt

$0

$0

Total Liabilities

$234,305

$170,793

Financials as of: 06/22/2021
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Toast! Supplements on MicroVentures 2021
Platform: Microventures
Security Type: Convertible Note
Valuation: $5,000,000

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