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This isn’t PHILOSOPHER FOODS’s most recent raise. Reg CF · Convertible Note · Mar 2025 (Open) is more current.View latest round
PHILOSOPHER FOODS

Reg CF · Convertible Note · Oct 2022

ClosedReached targetReg CFConvertible Note
via WeFunderView campaign
Raised
$104.4K / $124K max
84% of ceiling · target hit day 3
Investors
98
$1.1K avg
Valuation cap
$6.4M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$419K$209K$0
79400
Oct 30, 2022 · openedApr 29, 2023 · last reading
Target ($50K) hit — Nov 2, 2022, day 3Deadline Apr 30, 2023 — 1 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2020–FY2021 · hover for source
$572K
$47K
FY2020
$831K
−$185K
FY2021
RevenueNet income
Metric
FY2020 unaudited*
FY2021 unaudited*
Income statement
Revenue
$572,281
$831,044
Cost of goods sold
$167,371
$406,327
Gross margin
71%
51%
Net income
$47,192
-$185,400
Taxes paid
$3,326
$800
Balance sheet
Cash
$21,048
$61,774
Accounts receivable
$17,553
$161,358
Total assets
$228,836
$453,850
Short-term debt
$82,222
$116,910
Long-term debt
$141,676
$509,133
Total liabilities
$223,898
$626,043
Other
Headcount
—
4

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Valuation cap$6.4M
Conversion discount20%
Interest rate5.5%

Offering details

Target$50,000
Max$124,000
Min investment$100
OpenedOct 30, 2022
DeadlineApr 30, 2023
ClosedApr 30, 2023
Days active182

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-22-001146

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.