The Worthy Company

Reinventing plant based foods by harnessing the power of whole food ingredients.

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Security Type
Convertible Note
Categories
Retail, Food & Bev
Min Investment
$250
Location
Chicago, IL
Offering Date
December 16, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$1.07M
No. Investors
51
Security Price
$1
Website
theworthycompany.com
Number of Employees
2
Cash
$0
Revenue
$159,927
Short Term Debt
$156,869
Cost of Goods
$212,850
Long Term Debt
$1,644,076
Net Income
$-724,530

Company Description

We're reinventing plant-based foods, by harnessing the power of PLANTS, making delicious nourishment accessible to ALL. It's better for our bodies, our spirits and our planet.

Perks

250 - Your name listed on our website as an early investor (with your consent)

1500 - A year's supply of Worthy Bowls (one variety 12 pack per month)

15000 - A year's supply of Worthy Bowls (one variety 12 pack per month) and quarterly updates.

Key Deal Facts

Category Creating, Award Winning Product
Huge opportunity to innovate and lead the $160B Plant Based market
Founders proven brand builders & winner of PepsiCo WomanMade Competition
Investors & Advisors from industry leaders like Coca Cola, PepsiCo, Unilever, UBER, Vitamin Water
Award winning: NEXTY nominated and PepsiCo WomanMade
Mission Driven: Certified B-Corp, Worthy Movement

Use of Proceeds

  • ($50,000) 50% to Scale Operations: ingredient contracting and supply chain optimization; 23.5% sales support with expanded broker network; 20% marketing spend; 6.5% WeFunder fee
  • ($1,070,000) 35% to Scale Operations: ingredient contracting and supply chain optimization; 26% sales support with expanded broker network; 25% marketing/pr spend; 6.5% WeFunder fee; 7.5% R&D for line extensions
Amount Raised : $103,830
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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