Overview
Raised: $71,300
Total Commitments ($USD)
Platform
MainVest
Start Date
10/28/2020
Close Date
10/28/2021
Min. Goal
$10,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.30X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$196
# of Investors
161
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
7 Grain Army, a wellness bakery and food manufacturer in Brooklyn, NY, is raising crowdfunding on MainVest. The bakery makes nourishing comfort foods loaded with immunity-boosting superfoods. The food preparations are tasty, healthy, and satisfying in every bite. The offerings include wholesome muffins, flavorful spreads, and tonics. Matthew Tilden and Jeffrey Olsen founded the 7 Grain Army in 2019. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $150,000, will be used as working capital and for the launch of the second phase of the business. 7 Grain Army’s second phase includes the launch of a frozen product line with local retailers, buildout and purchase of equipment to optimize scale, and extended operating hours.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/28/2020
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