Cherrish

Cherrish

Growth Stage

100% all-natural cherry juice that fights inflammation

100% all-natural cherry juice that fights inflammation

Overview

Raised to Date: Raised: $91,508

Total Commitments ($USD)

Platform

Republic

Start Date

01/26/2021

Close Date

04/30/2021

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

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

$984

# of Investors

237

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Mercer Island, Washington

Business Type

Life Style

Cherrish, with a valuation cap of $25 million, is raising crowdfunding on Republic. The company makes 100% natural cherry juice from Montmorency and Bing cherry. The Cherrish juice does not contain any sugars, filters, or additives and has a low glycemic index. The juice is high in antioxidants and helps to fight inflammation. Daniel Haggart founded Cherrish in October 2012. 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 launch new products and help in large scale distribution. Cherrish reported $2 million in sales in 2020 and expects to generate $25 million by the end of 2023. Cherrish juice is available in over 2,300 stores across the US and sells at a gross margin of 42% in stores and 47% online.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,265,866

$217,046

COGS

$660,153

$498,710

Tax

$0

$0

 

 

Net Income

$-1,614,615

$-1,130,260

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$262,025

$101,287

Accounts Receivable

$224,747

$54,747

Total Assets

$731,940

$494,762

Short-Term Debt

$651,794

$737,709

Long-Term Debt

$0

$0

Total Liabilities

$651,794

$737,709

Financials as of: 01/26/2021
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Cherrish on Republic
Platform: Republic
Security Type: SAFE
Valuation: $25,000,000

Follow company

Follow Cherrish on Republic

Buy Cherrish's Deal Report

Warning: according to the close date for this deal, Cherrish may no longer be accepting investments.

Cherrish Deal Report

Get KingsCrowd’s comprehensive report on Cherrish including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Cherrish is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Cherrish deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge