ChipMonk Baking

Neutral
BETA

Healthy, nutritionally dense dessert choice

Analytics

Raised to Date: $150,000

Aggregate Commitments $
Platform

NextSeed

Start Date

07/02/2020

Close Date

08/26/2020

Min. Goal

$75,000

Max. Goal

$150,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$3,500,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

08/31/2020

Days Remaining
Funded
% of Min. Goal

200%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$2,727

# of Investors

161

Momentum
Funded
Location

Houston, TX

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

ChipMonk Baking, with a $3.5 million valuation cap, is raising crowdfunding on NextSeed. The company makes healthy and nutritious desserts that are safe for diabetics and fit into keto, low-carb, and other lifestyle diets. The products of ChipMonk Baking include cookies, brownies, and dry mixes to bake at home made from monk fruit and allulose as sweeteners. ChipMonk Baking was founded by Jose Hernandez and David Downing in 2019. The proceeds of the current round of crowdfunding, with a minimum goal of $75,000 and a maximum goal of $150,000, will be used to move baking and production to a larger facility, support online marketing efforts, and hire an operations manager. ChipMonk Baking reported an increase in online sales during the COVID-19 pandemic and has 33% month-over-month growth.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$70,143

$0

COGS

$48,243

$0

Tax

$0

$0

 

 

Net Income

$-10,170

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$16,171

$0

Accounts Receivable

$165

$0

Total Assets

$20,372

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 09/06/2020

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