Zeek Bar

Zeek Bar

Closed: Jan. 2023

About this raise

Zeek Bar, with a valuation of $2.5 million, is raising funds on Wefunder. The company is reimagining kids’ snack bars with less sugar and more protein. The snack bars of Zeek Bar contain 50% less sugar, four times more protein, and come in a variety of flavors that kids love. The bars are made using natural and non-GMO ingredients like almond butter and honey to make them more nutritious and delicious. Zeek Bar is Amazon’s #1 best-selling product and reported a 173% year-over-year growth in 40 Whole Foods Stores. Reid Pearson and Cassidy Pearson founded Zeek Bar in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for digital customer acquisition, expansion to natural grocery stores, and inventory.

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Investment Overview

Invested this round: $106,901

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
09/14/2022
Close Date
01/19/2023
Min. Goal
$50,000
Max Goal
$100,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Novato, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Reid Pearson
Title
CEO
Founder Name
Kassidy Pearson
Title
Co-Founder

Financials

 Revenue +80% YoY
$122,756
 Monthly Burn
$5,413
 Runway
2.3 months
Gross Margin
27%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$122,756

$68,307

COGS

$89,505

$54,302

Tax

$800

$800

 

 

Net Income

$-64,955

$-55,723

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$12,375

$3,828

Accounts Receivable

$8,034

$-821

Total Assets

$84,410

$63,348

Short-Term Debt

$47,222

$13,854

Long-Term Debt

$116,300

$69,600

Total Liabilities

$163,522

$83,454

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/19/2023 Wefunder $2,500,000 $106,901 SAFE Funded RegCF
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Add to portfolio
Zeek Bar on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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