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Heartstone Farm, Inc.

Food · Charleston, ME · Founded 2016

Meat you can trust

Post-money valuation
$19.3M
As of Jun 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$935,747
Across 2 rounds since 2024
Latest share price
$18.00
Reg CF Offering (2026) offering price

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$2.5M
$67K
2022
$2.5M
−$240K
2023
$5.8M
−$900K
2024
$6.5M
−$1.0M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$2,484,886
$2,538,404
$5,839,951
$6,524,494
Cost of goods sold
$1,729,726
$1,721,991
$4,273,253
$5,070,661
Gross margin
30%
32%
27%
22%
Net income
$67,332
-$239,857
-$900,278
-$1,027,732
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$517,398
$264,656
$201,266
$103,251
Accounts receivable
$540
$2,354
$83
$0
Total assets
$1,043,704
$1,112,607
$2,155,160
$1,539,617
Short-term debt
$472,955
$803,909
$900,554
$2,196,743
Long-term debt
$479,734
$466,258
$1,253,280
$581,813
Total liabilities
$952,689
$1,270,167
$2,153,834
$2,778,556
Other
Headcount
10
10
7

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$15.8M
post-money
$19.3M
post-money
Heartstone Common Stock 1
Reg CF Offering (2026)

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2026)OpenReg CF · Common Equity · via STARTENGINE PRIMARY LLC
Raised $142.8K / $618KInvestors 114Post-money $19.3M
Heartstone Common Stock 1ClosedReg CF · Common Equity · via StartEngine
Raised $793K / $1.2MInvestors 465Post-money $15.8M

Team

9 people
Dan KaplanFounder
Founder, CEO, Sole Director and Principal Financial Officer

Dan, a lifelong meat lover whose favorite meal is a good burger, founded Heartstone Farm due to his distrust of supermarket meat. Aspiring to be a farmer from his childhood in Kansas, Dan achieved this dream after a 45-year career as a serial entrepreneur. He has founded, built, operated, & sold companies in technology, media, marketing, & green energy sectors.

Tara HesseltineFounder
Co-founder & Farm Manager

Tara is Dan’s partner and co-founder Heartstone Farm. Tara is responsible for overseeing operations on our farm, where we raise beef cattle. She is passionate about ensuring that all of the meat we sell is sourced from farms with a commitment to the humane treatment of their livestock.

Daniel J KaplanFounder
Founder, CEO, Director
Jedediah Lundquist Beach
Chief Financial Officer
Denise Corey
VP of Customer Satisfaction & Product Quality

Since 2020, Denise has overseen shipping, fulfillment, and customer experience at Heartstone. Growing up on a farm, she's passionate about supporting small family farmers who produce high-quality meat.

Kristi Carrier
VP of Sourcing

Kristi manages Heartstone’s partnerships with small family farms that meet our high standards of being pasture-raised, antibiotic-free, hormone-free, and humane. Prior to joining Heartstone in 2024, she spent 15 years at Pineland Farms Natural Meats as a procurement specialist.

Paul Geller
Head of Marketing

Paul is responsible for new customer acquisition and all advertising and marketing efforts. Before joining Heartstone in 2023, he spent 20 years as a digital marketer with extensive experience.

Sean Vealey
VP of Operations

Sean, who joined Heartstone Farm 2 years ago, manages shipping, warehouse, HR, inventory, and business operations. He brings over 25 years of experience in logistics and fulfillment, including 15 years at Sysco.

Jed Beach
Financial Manager

Jed manages accounting, cash flow, budgeting, and projections. With an MBA in organizational and environmental sustainability, he has worked with over 100 farms on financial management.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Compliant

Filed 2 of 2 annual reports (FY2024–FY2025)

465 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C/ASep 11, 20260002033917-26-000011
    EDGAR
  • Form CJun 18, 20260002033917-26-000008
    EDGAR
  • Form C-UJun 17, 20260002033917-26-000006
    EDGAR
  • Form C-ARApr 27, 20260002033917-26-000003
    EDGAR
  • Form DApr 27, 20260002033917-26-000005
    EDGAR
  • Form C-ARApr 28, 20250002033917-25-000001
    EDGAR
  • Form CAug 21, 20240001665160-24-001208
    EDGAR
Source: ManualCIK 0002033917DEShare price $18.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.