About this raise

Wicked BOLD is raising funds on MainVest. It is a vegan foods brand in Flower Mound, Texas, that makes small-batch vegan chocolate using organic and ethically sourced cacao from Belize. The chocolate is handmade, healthy, delicious, and made with just three ingredients. Wicked BOLD has launched with 14 Whole Foods stores in Dallas, is launching with 800 Walmart stores in April 2023, and is in negotiations with a large grocery chain for a national rollout. Deric Cahill and Brooklyn Cahill founded Wicked BOLD in September 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $200,000. The campaign proceeds will be used for raw materials, packaging and display material, and labor.

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Investment Overview

Invested this round: $170,200

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
01/30/2023
Close Date
04/28/2023
Min. Goal
$100,000
Max Goal
$200,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Flower Mound, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Deric J. Cahill
Title
CEO
Founder Name
Brooklyn Cahill

Financials

as of Fiscal Year 2021
 Revenue
$57,704
 Monthly Burn
$5,622
 Runway
7.7 months
Gross Margin
28%

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$57,704

$146,245

COGS

$41,306

$70,165

Tax

$0

$0

 

 

Net Income

$-67,460

$-40,751

Summary Balance Sheet

FY 2021 FY 2020

Cash

$43,252

$1,747

Accounts Receivable

$0

$0

Total Assets

$68,950

$47,339

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$161,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/03/2023 MainVest - $0 Revenue Share Not Funded RegCF
04/28/2023 MainVest - $170,200 SAFE Funded RegCF
11/07/2022 MainVest - $73,200 Revenue Share Funded RegCF
02/11/2022 MainVest - $51,100 Revenue Share Funded RegCF
06/04/2021 MainVest - $34,100 Revenue Share 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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Wicked BOLD on MainVest 2023
Platform: MainVest
Security Type: SAFE

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