Sun & Swell

An online, plastic-free health food store

Analytics

Raised to Date: $683,812

Aggregate Commitments $
Platform

Wefunder

Start Date

04/12/2021

Close Date

05/09/2021

Min. Goal

$100,000

Max. Goal

$750,000

Min. Investment

$500

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$9,500,000

Discount Rate

0%

Rolling Commitments $
Status
Funded
Reporting Date

05/12/2021

Days Remaining
Funded
% of Min. Goal

684%

% of Max. Goal

91%

Likelihood of Max
Funded
Avg. Daily Raise

$25,326

# of Investors

370

Momentum
Funded
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Location

Santa Barbara, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Sun & Swell, with a $9.5 million valuation cap, is raising funds on Wefunder. It is an online grocery store that is reinventing the world of grocery and putting people and the planet first. The store allows consumers to purchase organic and healthy food in plastic-free -packaging. Kate Flynn and Bryan Flynn founded Sun & Swell in 2018. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $750,000, will be used for marketing, hiring, product development, and working capital. Sun & Swell grew its online market to a $500,000 annual run rate in less than twelve months. The business is the first online plastic-free health food store and has won awards for sustainability.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$405,020

$380,951

COGS

$205,114

$228,998

Tax

$0

$0

 

 

Net Income

$-96,980

$-188,437

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$78,566

$29,878

Accounts Receivable

$11,676

$45,779

Total Assets

$251,915

$230,031

Short-Term Debt

$181,520

$138,614

Long-Term Debt

$139,028

$83,070

Total Liabilities

$320,548

$221,684

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