Sugarfina

Sugarfina

Growth Stage

Candy made for grown-ups

Candy made for grown-ups

Overview

Raised to Date: Raised: $1,308,324

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/04/2020

Close Date

06/30/2022

Min. Goal
$500
Max. Goal
$25,875,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.35

Pre-Money Valuation

$125,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/02/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,173

# of Investors

879

Momentum
Funded
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

El Segundo, California

Business Type

Life Style

Sugarfina, a candy brand for grown-ups, is raising funds on StartEngine through Reg A+ crowdfunding. The company has redefined the confectionery market with its comprehensive line of luxury sweets for everyone. The products are focused on luxury, playfulness, and innovation, in addition to deliciousness. Scott LaPorta founded Sugarfina in 2019. The current round of funding does not have a minimum target and a maximum target of $25,875,000. The proceeds will be used for product development, brand marketing, development of a new warehouse, and working capital. Sugarfina is an iconic brand with over 470,000 e-commerce customers. It has generated over $18 million in revenue since its inception.

Balance Sheet

Cash and Cash Equivalents

$1,892,775

Investment Securities

$0

Accounts and Notes Receivable

$470,031

Property, Plant and Equipment (PP&E)

$549,901

Total Assets

$11,759,305

Accounts Payable & Accrued Liabilities

$3,103,632

Long Term Debt

$18,241,085

Total Liabilities

$21,913,809

Total Stockholders' Equity

$-10,154,504

Total Liabilities and Equity

$11,759,305

Statement of Comprehensive Income Information

Total Revenues

$9,696,595

Costs & Expenses Applicable to Rev

$4,840,472

Depreciation and Amortization

$193,951

Net Income

$-4,100,746

Earnings Per Share - Basic

$-4,101.00

Earnings Per Share - Diluted

$-4,101.00

Auditor: Windes, Inc
Financials as of: 11/04/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sugarfina 10/14/2023 Republic $125,000,000 $119,217 SAFE Funded RegCF
Sugarfina 09/29/2022 Republic $125,000,000 $2,997,567 Equity - Common Funded RegA+
Sugarfina 06/29/2022 StartEngine $125,000,000 $1,308,324 Equity - Common Funded RegA+
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Price per Share History

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

Valuation History

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.

Employee History

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Sugarfina on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $125,000,000
Price per Share: $10.35

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