Truffle Shuffle
Growth Stage
Cooking Classes + Top Chefs + Ingredients Delivered
Overview
Raised: $365,676
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/12/2023
Close Date
08/11/2023
Min. Goal
$14,998
Max. Goal
$1,234,998
Min. Investment
$198
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.47
Pre-Money Valuation
$35,040,690
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
62
% of Min. Goal
2,438%
% of Max. Goal
30%
Likelihood of Max
Avg. Daily Raise
$12,610
# of Investors
222
Momentum
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Year Founded
2021
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Truffle Shuffle, with a valuation of $35.04 million, is raising funds on StartEngine. The company provides monthly memberships for home cooks to get access to live and on-demand cooking classes. The classes are taught by Michelin-star and next-level chefs, along with access to the entire culinary content library with hundreds of recipes and protege series courses. Truffle Shuffle has grown its business by 1,400% from 2019 to 2021 and has earned a total of $13.3 million in cooking class sales, $7.8 million in partnerships, and $4.5 million in D2C transactions. Jason Alexander McKinney and Tyler T Vorce founded Truffle Shuffle in January 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, company employment, operations, and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,230,471 |
$6,065,275 |
|
COGS |
$928,899 |
$2,197,420 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,561,229 |
$-2,181,600 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$277,765 |
$463,103 |
|
Accounts Receivable |
$147,575 |
$0 |
|
Total Assets |
$2,972,508 |
$1,076,796 |
|
Short-Term Debt |
$2,056,877 |
$2,017,852 |
|
Long-Term Debt |
$4,254,167 |
$295,000 |
|
Total Liabilities |
$6,311,044 |
$2,312,852 |
Financials as of: 05/12/2023
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