Philosopher Foods

Philosopher Foods

Best nut butters on and for the planet - we're scaling regenerative agriculture!

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Form C
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Security Type
Convertible Note
Categories
Sustainability, Consumer Goods & Products, Food & Bev
Min Investment
$100
Location
Santa Cruz, CA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$124.00K
No. Investors
57
Security Price
$1
Website
philosopherfoods.com
Number of Employees
4
Cash
$61,774
Revenue
$831,044
Short Term Debt
$116,910
Cost of Goods
$406,327
Long Term Debt
$509,133
Net Income
$-185,400

Key Deal Facts

Our craft nut butters are stone-ground in small batches for enhanced flavor, texture, and nutrition.
Sticky users, but won't stick to your mouth: once people try our cult favorites, they don't go back!
1st & only Regenerative Organic Certified & Glyphosate Residue Free certified nut butters on market.
Best-selling craft nut butters in natural channel nationwide, according to SPINS data from 3/20/22.
Top 12 best-selling almond butter in the natural channel nationwide. 1 of 2 brands that is growing!
We grew 36% in 2020, 40% in 2021, and we're on track for a record year in 2022. DTC grew 170% & 33%
Healthy gross margins greater than 45% over past 3 years, spread across a healthy mix of channels.
DTC Conversion Rate: 8%
AOV: $80.92
Returning Customer Rate: 43.87%
No digital marketing $ spent!

Management Team / Advisory Board Bios

Tim Richards Founder, Owner, & CEO / Chief Philosopher FoodieI'm proud of creating delicious, nutritious, ethical, and ecological nut butters! I love changing the way food is grown and made to be more healthful and regenerative. If you are what you eat, then it makes sense to invest in eating the best!, Sam Shisler National Director of SalesPartner at M.R. Sales - Private Label Food Brokerage to Kroger 
National Sales Manager - Alter Eco Foods 
National Sales Manager - Terrafertil/Essential Living Foods 
Director of Sales West for Food Story Brands 
VP of Sales for Green Spoon Sales, Elliot Begoun Strategic AdvisorFounding Member, The Angel Group
Founder, Brand Champion - TIG Brands
Board Member, The Good Crisp Company
Board Member, Grace’s Goodness Organics
Board Member, Stratia Skincare, Haley Walsh Director of Western Sales, Mandy Cassell Farmer's Market and Events ManagerHelped us launch an epic debut at our first ever Expo West show in 2022, despite having never attended Expo West!, Chelsea Marie Social Media and Marketing CoordinatorMother, artist, and foodie with degrees in Environmental Studies and Holistic Health, Clayton Carlisle Director of Central Sales, Felice Di Felice Director of Eastern Sales, Kristine Arrambide Inside Sales Manager, Lale Kaya Sales Coordinator, Jose Banuelos Warehouse and Fulfillment Lead
Amount Raised : $277,719
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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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