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True Made Foods

Operating

True Made Foods, Inc.

Food & Beverage · Alexandria, DE · Founded 2015

Veteran-founded
Visit website

All-natural, no-sugar condiments made from real vegetables

Valuation cap ⓘ
$11.0M
As of Apr 2022 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$12,753,253
Crowd $760K · Private $12.0M · 5 rounds since 2016
Latest share price
$0.085
Rule 506(b) · Preferred Stock · Mar 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$711K
−$2.5M
2019
$1.8M
−$1.1M
2020
$3.2M
−$2.0M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021 unaudited
Income statement
Revenue
$711,151
$1,779,993
$3,191,762
Cost of goods sold
$802,753
$1,462,028
$1,944,148
Gross margin
-13%
18%
39%
Net income
-$2,498,106
-$1,126,135
-$1,996,437
Taxes paid
$0
$0
$0
Balance sheet
Cash
$828,748
$424,774
$120,368
Accounts receivable
$110,478
$203,977
$122,930
Total assets
$1,389,288
$1,685,393
$1,599,071
Short-term debt
$130,915
$1,386,218
$932,153
Long-term debt
$36,578
$171,876
$161,940
Total liabilities
$167,493
$1,558,094
$1,094,093
Other
Headcount
—
3
3

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, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$11.0M
Valuation cap
Reg CF · SAFE · Oct 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Share price over rounds

$0.0932$0.0466$0.085
Aug 2019Mar 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.

Fundraising history

Reg CF · SAFE · Oct 2021Closedvia Republic
Raised $759.6K / $1.1MInvestors 1,291Valuation cap $11M
Rule 506(b) · Preferred Stock · Mar 2021Closed
Raised $1.9MInvestors 15
Rule 506(b) · Debt · Nov 2016Closed
Raised $500KInvestors 2
Rule 506(b) · Equity · Aug 2019Closed
Raised $5.8MInvestors 60

Team

3 people
Abraham Kamarck
Chief Executive Officer
Brian Durst
Director
Steven Finn
Director

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

Reg CF annual-report compliance

Delinquent

Filed 1 of 5 annual reports (FY2021–FY2025)

Missing: 2022, 2023, 2024, 2025

1,291 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-UMay 2, 20220001691692-22-000001
    EDGAR
  • Form C-ARApr 29, 20220001837613-22-000002
    EDGAR
  • Form COct 7, 20210001691692-21-000002
    EDGAR
  • Form DMar 19, 20210001691692-21-000001
    EDGAR
  • Form DAug 22, 20190001691692-19-000001
    EDGAR
  • Form DDec 9, 20160001691692-16-000001
    EDGAR
Source: ManualCIK 0001691692DEShare price $0.085

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.