True Made Foods

Growth Stage

All-natural, no-sugar condiments made from real vegetables

Analytics

Raised to Date: Raised: $217,718

Aggregate Commitments $

Platform

Republic

Start Date

10/08/2021

Close Date

04/30/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$11,000,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

10/27/2021

Days Remaining

185

% of Min. Goal

871%

% of Max. Goal

20%

Likelihood of Max
extremely
Avg. Daily Raise

$11,459

Momentum
cool
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Location

Alexandria, Virginia

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

True Made Foods, with a valuation of $11 million, is raising funds on Republic. The company makes and sells all-natural condiments from real vegetables. The products of True Made Foods contain real veggies and fruit as a replacement for refined sugars, making them vegan, keto-approved, non-GMO, and gluten-free. The offerings of True Made Foods include kinds of ketchup, BBQ sauces, sriracha, mustards, and hot sauces. True Made Foods reported over $2 million in gross sales in 2020, a 120% year-over-year growth. Abraham Kamarck and Ryan Mitchell founded True Made Foods in March 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to scale the business, increase the marketing budget, and build foodservice sales.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,779,993

$711,151

COGS

$1,462,028

$802,753

Tax

$0

$0

 

 

Net Income

$-1,126,135

$-2,498,106

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$424,774

$828,748

Accounts Receivable

$203,977

$110,478

Total Assets

$1,685,393

$1,389,288

Short-Term Debt

$1,386,218

$130,915

Long-Term Debt

$171,876

$36,578

Total Liabilities

$1,558,094

$167,493

Financials as of: 10/08/2021
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True Made Foods on Republic 2021
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Platform: Republic
Security Type: SAFE
Valuation: $11,000,000

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