Uncle’s Ice Cream

Uncle’s Ice Cream

Closed: Nov. 2022

About this raise

Uncle’s Ice Cream, with a valuation of $12.9 million, is raising funds on StartEngine. The company makes premium craft ice cream sandwiches in tropical and traditional flavors. The business has always prioritized quality, taste, convenience, and variety and has become Hawaii’s favorite ice cream novelty. Uncle’s Ice Cream plans to expand to more states and will soon sell its products in Whole Foods stores across major cities, including Phoenix, Las Vegas, and Los Angeles. Paul D Logan and Barbara J Logan founded Uncle’s Ice Cream in August 2017. The current crowdfunding campaign has a minimum target of $9,999.65 and a maximum target of $1,069,999.10. The campaign proceeds will be used to start its mainland operations and ship to neighboring Hawaiian islands.

Expand

Investment Overview

Invested this round: $1,069,971

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
08/17/2022
Close Date
11/15/2022
Min. Goal
$10,000
Max Goal
$1,069,999
Min. Investment

$200

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.15

Pre-Money Valuation

$12,900,000

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
High
Capital Intensity
High
Location
Waialua, Hawaii
Business Type
Growth
Company Website
Visit Website

Team

Employees
20
Prior Founder Exits?
No
Founder Name
Paul Logan
Title
Co-Founder
Founder Name
Barbara Logan
Title
Co-Founder

Financials

 Revenue +52% YoY
$1,183,036
 Monthly Burn
Profitable
 Cash on Hand
$103,312
 Gross Margin
40%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,183,036

$787,868

COGS

$711,561

$464,253

Tax

$0

$0

 

 

Net Income

$14,152

$47,421

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$103,312

$210,891

Accounts Receivable

$51,959

$45,608

Total Assets

$404,941

$383,197

Short-Term Debt

$109,462

$82,089

Long-Term Debt

$251,243

$271,024

Total Liabilities

$360,705

$353,114

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/15/2022 StartEngine $12,900,000 $1,069,971 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Uncle’s Ice Cream on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,900,000
Price per Share: $2.15

Follow company

Follow Uncle’s Ice Cream on StartEngine 2022

Buy Uncle’s Ice Cream's Deal Report

Warning: according to the close date for this deal, Uncle’s Ice Cream may no longer be accepting investments.

Uncle’s Ice Cream Deal Report

Get Kingscrowd's comprehensive report on Uncle’s Ice Cream including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Uncle’s Ice Cream is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Uncle’s Ice Cream deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge