Toast! Supplements

Toast! Supplements

Closed: Jan. 2022

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%.

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Investment Overview

Invested this round: $27,210

Deal Terms

Total Commitments ($USD)

Platform
Microventures
Start Date
06/23/2021
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%

Company & Team

Company

Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Lincoln, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Sean O'Neill
Title
CEO

Financials

 Revenue
$81,342
 Monthly Burn
$6,925
 Runway
7.5 months
Gross Margin
69%

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

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Company Funding & Growth

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
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Toast! Supplements on MicroVentures 2021
Platform: Microventures
Security Type: Convertible Note
Valuation: $5,000,000

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Warning: according to the close date for this deal, Toast! Supplements may no longer be accepting investments.

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