Sunscoop on Republic

Aggregate Commitments $

Platform

Republic

Start Date

02/11/2021

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$9,000,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

04/25/2021

Days Remaining

3

% of Min. Goal

1,017%

% of Max. Goal

24%

Likelihood of Max
unlikely

Avg. Daily Raise

$3,484

# of Investors

565

Momentum
warm

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Location

VENICE, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

Sunscoop, with a $9 million valuation cap, is raising funds on Republic. The company makes delicious plant-based icecream using organic coconut cream. The icecreams are infused with superfood ingredients, are easy to digest, and contain no refined sugar or top allergens. Carli Blum founded Sunscoop in 2017 and has raised over $2.4 million since the inception. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to expand retail partnerships and grow online. Sunscoop is already selling in over 500 major retail stores and has sold more than 100,000 pints since launch. The company expects to generate a revenue of $21 million by 2023.

Summary Profit and Loss Statement

Revenue

$289,315

$98,587

COGS

$150,776

$132,784

Tax

$50

$0

 

 

Net Income

$-846,445

$-754,692

Summary Balance Sheet

Cash

$188,047

$3,829

Accounts Receivable

$7,878

$0

Total Assets

$306,959

$67,476

Short-Term Debt

$222,193

$122,265

Long-Term Debt

$0

$0

Total Liabilities

$222,193

$122,265

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