ReThink Ice Cream

All-natural, “tummy friendly” dairy ice cream currently available in over 490 retailers including Whole Foods

Analytics

Raised to Date: $28,583

Aggregate Commitments $
Platform

Microventures

Start Date

04/22/2021

Close Date

10/18/2021

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

156

% of Min. Goal

114%

% of Max. Goal

11%

Likelihood of Max
likely
Avg. Daily Raise

$1,429

# of Investors

72

Momentum
warm
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Location

Napa, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

ReThink Ice Cream, with a $5 million valuation cap, is raising funds on MicroVentures. The company makes low-sugar and tummy-friendly ice creams using all-natural ingredients, collagen, whey protein isolate, and prebiotic fiber. George Haymaker founded ReThink Ice Cream in 2018 and raised $70,000 in its pre-seed round of financing. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $250,000, and the funds will be used for social media advertising, PR, sampling, influencer marketing, and working capital. ReThink Ice Cream is currently available with 490 retailers and reported a revenue of $419,445 in 2020.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$419,445

$439,958

COGS

$315,104

$523,438

Tax

$0

$0

 

 

Net Income

$-917,022

$-1,392,281

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$86,362

$146,830

Accounts Receivable

$23,937

$18,264

Total Assets

$389,927

$355,506

Short-Term Debt

$0

$0

Long-Term Debt

$1,799,825

$1,490,914

Total Liabilities

$1,799,825

$1,490,914

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