Tucson Tamale Company

Tucson Tamale Company

Closed: Jan. 2023

About this raise

Tucson Tamale Company, with a valuation of $25 million, is raising funds on Wefunder. It is a premium tamale brand that sells delicious handmade tamales. The tamales of Tucson Tamale Company are authentic, flavorful, convenient, tasty, and made using clean ingredients. Tucson Tamale Company serves tamales in a variety of options, including meat, vegetarian, vegan, twin packs, single serve, and family packs. The products are available in over 5,000 locations and averaged over 30% year-over-year growth in the past three years. Sherry Martin and Todd Martin founded Tucson Tamale Company in June 2008. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketing, R&D, channel development, and manufacturing.

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Investment Overview

Invested this round: $478,438

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/05/2022
Close Date
01/13/2023
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Company & Team

Company

Year Founded
2008
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Tucson, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
17
Prior Founder Exits?
No
Founder Name
Todd Martin
Title
EVP
Founder Name
Sherry Martin
Title
CEO

Financials

 Revenue +23% YoY
$6,801,097
 Monthly Burn
Profitable
 Cash on Hand
$601,185
Gross Margin
21%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,801,097

$5,510,181

COGS

$5,346,555

$4,060,828

Tax

$8,425

$13,689

 

 

Net Income

$219,144

$212,101

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$601,185

$828,707

Accounts Receivable

$515,695

$695,183

Total Assets

$4,042,280

$2,631,024

Short-Term Debt

$1,589,606

$672,506

Long-Term Debt

$904,401

$677,584

Total Liabilities

$2,494,007

$1,350,090

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$196,327
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/01/2023 Wefunder $25,000,000 $132,250 SAFE Funded RegCF
01/13/2023 Wefunder $25,000,000 $478,438 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Tucson Tamale Company on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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Warning: according to the close date for this deal, Tucson Tamale Company may no longer be accepting investments.

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