Toast! Supplements
About this raise
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%.
Investment Overview
Invested $27,210 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $81,342
- Monthly Burn
- $6,925
-
Runway
- 7.5 months
- Gross Margin
- 69%
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
01/02/2022 | Microventures | $5,000,000 | $27,210 | Convertible Note | Funded | RegCF |