Jar Goods

Neutral
BETA

Helping people realize the fullness of their lives through quick and easy foods

Analytics

Raised to Date: $54,515

Aggregate Commitments $
Platform

Republic

Start Date

05/11/2020

Close Date

08/31/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,500,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

09/06/2020

Days Remaining
Funded
% of Min. Goal

218%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$487

# of Investors

167

Momentum
Funded
Location

Glen Rock, NJ

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Jar Goods, with a valuation cap of $5.5 million, is raising funds on Republic. The company is revolutionizing the ready-to-cook foods industry with its mindful, healthy, and high-quality ready-to-cook pantry staples. The products of Jar Goods include pasta sauces, vegan vodka-style tomato sauce, and beet and basil pesto. Jar Goods was founded by Melissa Vitelli and Laura Vitelli in March 2013 and has raised over $350,000 from friends and family since its founding. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to grow and expand the product line. Jar Goods presently has its products available in 1,300 stores through four distributors and online. The company has sold over 500,000 jars and has generated $1.5 million in lifetime sales.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$394,881

$299,803

COGS

$386,798

$240,969

Tax

$0

$0

 

 

Net Income

$-169,506

$-288,424

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$6,397

$13,106

Accounts Receivable

$73,497

$50,141

Total Assets

$101,372

$96,892

Short-Term Debt

$510,254

$323,584

Long-Term Debt

$21,215

$0

Total Liabilities

$531,469

$348,332

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
08/31/2020 Republic $5,500,000 $54,515 SAFE Confirmed Closed RegCF
08/03/2018 SeedInvest $4,000,000 $21,000 Debt Confirmed Closed RegCF

Ratings

last updated 09/13/2020

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