Uprising Food
Growth Stage
A “Health-First”, Artisan Bakery At Digital Scale.
Overview
Raised: $174,528
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/11/2022
Close Date
11/10/2022
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$102
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.79
Pre-Money Valuation
$11,161,166
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/29/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,939
# of Investors
238
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Uprising Food, with a valuation of $11.2 million, is raising funds on StartEngine. The company makes food products backed by the latest health science. The products of Uprising Food are low-carb, prebiotic, functional, and appeal to modern diets. Uprising Food’s products support gut health and are gluten-free, keto-friendly, and paleo-approved. The business works on a unique ‘farm market at digital scale’ model and enables rapid innovation and instant national distribution. William Donald Schumacher III, Kristen Schumacher, Mark Frommeyer, and Sara Frommeyer founded Uprising Food in February 2019. The current crowdfunding campaign has a minimum target of $9,998.94 and a maximum target of $1,069,997.56. The campaign proceeds will be used to add more products and expand partnerships.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,670,448 |
$983,099 |
|
COGS |
$2,555,675 |
$832,663 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,616,746 |
$-432,453 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$339,938 |
$394,439 |
|
Accounts Receivable |
$5,141 |
$123,801 |
|
Total Assets |
$405,737 |
$723,551 |
|
Short-Term Debt |
$188,456 |
$83,037 |
|
Long-Term Debt |
$1,166,633 |
$25,067 |
|
Total Liabilities |
$1,355,089 |
$108,104 |
Financials as of: 08/11/2022
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