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Sugarfina isn't accepting new investments

Sugarfina’s deadline was October 16, 2023

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Sugarfina

Artisanal, luxury candy and sweet experiences for grown ups
B2C Consumer Food
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$119,217
Raised
86
Investors
Successfully funded and closed on October 16, 2023.
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Pitch Updates 116 Reviews 11
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Closed on October 16, 2023. Information may not be up-to-date. Campaign closed on October 16, 2023. Information displayed may not be up-to-date.
Second half update Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders Summary
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Sugarfina Corporation. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sugarfina Crowd SAFE Sugarfina Form CA.PDF Sugarfina Corporation Form C.pdf
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Hear from some of the 86 investors in Sugarfina


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Highlights


$25M+ revenue
Company had over $25M in revenue in the past 12 months
50-199 employees
Company has 50-199 employees on payroll
Republic alum
Company previously raised on Republic
  • Approximately $30.6 million in revenue in 2021, +22% vs 2020
  • Significant domestic and international distribution expansion opportunity
  • 50+ patents, trademarks, and copyrights in the United States
  • PR coverage: Cosmopolitan, People, US Weekly, Forbes, E! and Food & Wine
  • 25 retail boutiques, and HK franchise stores
  • Wholesale presence in 900+ accounts
  • Collaborations with Casamigos®, Tito’s, Truly Seltzer®, and The Simpsons®

Second half update


2022 second-half update

  • Revenues +6% vs LY
  • E-com, Wholesale, and Gifting +16% vs LY

  • Launched Strawberry Champagne Bears®, Celebration Bottles, La Patisserie, and Cookie Cravings collections

  • New premium distribution (e.g. The Ritz Carlton Yacht Collection, The Colony Hotel Palm Beach, and more)

  • Featured on Good Morning America

New South Florida Expansion - October 2022

  • Opened a new retail boutique in Miami Brickell City Centre

  • Increase brand awareness

  • Drive E-commerce sales

  • Opening a second retail boutique in Boca Raton, Florida

Our core values of luxury, playfulness, and innovation allow us to appeal to our coveted customer and brand fans listings of over 1.2 million primarily fashionable, influential women.

The Most Wonderful Time of the Year!


2023 Q1 Product Launches



2023 Planned Innovation and Collaborations


Problem


Why can’t candy be luxurious and playful?

In the $42B US confectionery market, something has been conspicuously lacking—imagination. Leading brands still box themselves into one of two categories: their products are either just chocolate, or they’re just for kids.

Where’s the household name synonymous with fun, artisanal sweets that excite the senses? Where’s the candy brand for grown-ups?

Solution


Sugarfina: a candy boutique for grown-ups

We sell luxury confections, with something for everyone

Sugarfina is a candy brand for the adult palate, combining high-quality, luxury candy with a fun and engaging aesthetic. We have created a new space in the luxury confections market, and continue to redefine what it means to be a luxury candy brand.

Partnering with artisan candy makers from around the world, we create a wide range of products that offer something for everyone: from gummies to cordials, cocktail-infused candies, and chocolate bars.

We have a uniquely fresh approach to gourmet confections, which has attracted a loyal, coveted customer who is fashion-forward, influential, and seeks luxury products that speak to her lifestyle.

Product


Our candy is both a delicious treat and a sight to behold, thanks to our in-house creative and design teams and unwavering commitment to quality. We are constantly innovating with unique, on-trend products and flavors.

We also feature collaborations with food & beverage, entertainment, and lifestyle brands to create must-have, newsworthy, and shareable products and experiences:

  • Truly Hard Seltzer®

  • The Simpsons®

  • Hampton Water Rosé™

  • Pressed Juicery®

  • Alfred Coffee & Kitchen®

  • Tito's Handmade Vodka®

  • Casamigos®

  • Hello Kitty®

One of our signature offerings is the Candy Bento Box®. This patented packaging system allows for a totally customizable “Design Your Own Candy Bento Box®” experience, both online and in-store.


Traction


$31M+ in TTM revenue

Wholesale and Gifting Concierge are our fastest-growing channels in the last 6 months as we expand distribution across the country. E-commerce continues to grow as we market to our extensive customer list and attract new customers every day. In addition to our own e-store, Sugarfina products are sold through Amazon® and Rakuten®—one of the largest E-commerce sites in Japan.

We’ve established 25 retail boutiques throughout North America, and franchise stores in Hong Kong. Our wholesale presence in 900+ accounts includes gourmet grocery stores, online retailers, specialty gift stores, and prestige department stores like Bloomingdale's® and Nordstrom®.

Customers


PR and social media drive brand fame

Sugarfina has a thriving social media presence with 340K+ followers across all our social media channels, including customers, celebrities, and influencers.

85+% of our customers are women, which informs key aspects of our product and marketing strategy:

  • Create content that resonates with fashionable, influential women

  • Develop products and design packaging with playful and colorful aesthetics

  • Focus on self-purchase as well as gift-giving

We’ve received incredible PR coverage from Us Weekly, People Magazine, USA Today, Forbes, Real Simple, Food Network, Food & Wine, E! Entertainment, and so much more! Sugarfina was also awarded Best Rosé Candy by Cosmopolitan Magazine in 2020 in their Wine Awards.  

Business model


Five complementary sales channels

We believe our diversified business model is invaluable for protecting and expanding our market share. Our omni-channel approach generates revenue from five main channels:

  • 45% from over 2,000 prestige wholesalers like Nordstrom®, Bloomingdales®, Neiman Marcus®, and high-end specialty grocers around US and Canada

  • 25% from our 25 retail locations in North America

  • 22% from E-commerce

  • 6% from custom corporate gifting in over 1,300 corporate and event clients

  • 2% from international sales (in Hong Kong, Australia, South Korea, and Japan)

Over 50% of our 2021 sales came from Direct-to-Consumer E-commerce, Retail, and Gifting Concierge channels.

Full Year 2022

Market


Room to grow

Industry analysts valued the global confectionery market at $226B in 2021, and projected growth to $308B by 2029. We believe that Sugarfina is now in a position to increase its market share in North America.

Competition


Leading with confidence in the luxury candy segment

We are a leader in the luxury candy and premium gummy space. Thanks to our IP portfolio, this position is largely defensible. 

Sugarfina’s broad intellectual property portfolio provides a strong and protected competitive advantage in the market. As we continue to build our brand through increased marketing and branding campaigns – including our iconic packaging – we believe our market share is likely to increase.

  • Established brand identity as the leader in the luxury candy space

  • 50+ patents, trademarks, and copyrights on our branding and packaging in the United States and more globally

  • In-house creative and design teams are category-leading

  • Robust supply chain, inventory management, and shipping processes

  • Recently opened a new centralized operations center enabling sales distribution expansion

  • International and domestic network of artisanal candy makers with proprietary formulas and ingredients

Vision and strategy


Nonstop innovation, worldwide distribution

In addition to expanding our ever-growing list of products—such as our new Sweet Fruit Purée, Kombucha, and La Pâtisserie Collections —we are continuously scaling distribution.

Our near-term plans include:

  • Continue accelerating our revenues on our own E-commerce platform and Amazon® USA

  • Growing our travel, specialty stores, and premium grocery account distribution

  • Adding additional dropship accounts serviced by our Las Vegas operations center

  • Opening select retail stores in strategic Florida locations

We are also exploring further wholesale expansion into Europe, and Southeast Asia, as well as into the UK and the Middle East.

Through all this, we will continue to invest in digital marketing to continue scaling our higher margin and higher growth eCommerce business.


Funding


Board member Diana Derycz Kessler has 20 years of experience serving as a principal investor in Bristol Capital Advisors, with investments in growing public and private companies in a variety of sectors. She holds a Law Degree from Harvard Law School and a Master’s Degree from Stanford University.

Board member Paul Kessler is Principal, Portfolio Manager and Founder of Bristol Capital Advisors and has extensive experience with emerging growth companies and plays an active role in guiding both company boards and executives. He is well versed at identifying deep value activist opportunities and has overseen over 650 investment transactions.


The net proceeds from this offering will be used to accelerate our growth rate as a function of having additional capital to invest in product development, marketing, sales initiatives, and working capital. These plans include potentially acquiring incremental complimentary consumer lifestyle brands depending on market conditions. The acquisition of incremental brands is partially contingent upon raising additional capital.

Founders


100+ years of combined experience in building aspirational consumer brands

We are a dedicated and forward-thinking team focused on building the future of the candy market.

After acquiring Sugarfina, we have focused on placing experienced executives and leaders in charge of their given specialties and have empowered them to thrive in their roles, which has resulted in a unique culture of innovation and collaboration. The Sugarfina leadership team has a combined 100+ years of experience in consumer businesses and building aspirational consumer brands.

Our team of industry veterans draws on a well of experience from the confectionery, finance, entertainment, luxury goods, and logistics industries.


CEO and Co-Investor, Scott LaPorta
has a proven record of developing under-managed businesses into high growth enterprises. He raised over $30 billion of capital, and led or co-led over $10 billion of M&A activity, as a CFO of companies in the hospitality, lodging, and casino industries. Scott took on a turnaround role at Levi Strauss that included leading strategy, planning, and restructuring, and ran three divisions of the company. He also led the commercialization, growth, and eventual sale of Bolthouse Farms with a category-leading exit.

Summary


Why invest

Loyal Customers and an Amazing Product

We have already proven through our efforts to appeal to our target audience of sophisticated, influential, and fashion-forward women, that we have an ideal product-market fit.


We believe our stellar reputation among these key audiences positions our brand to grow sustainably and rapidly in the next few years.

Deal terms


Valuation cap

$125,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Sugarfina occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$500

The smallest investment amount that Sugarfina is accepting.
Learn more

Maximum investment

$1,000,000

The largest investment amount that Sugarfina is accepting.
Learn more

Funding goal

$5M

The maximum amount the offering can raise is $5M.
Learn more

Deadline
Sugarfina needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of Sugarfina Corporation, currently Scott LaPorta

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Sugarfina Corporation. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sugarfina Crowd SAFE Sugarfina Form CA.PDF Sugarfina Corporation Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Sugarfina.
Invest
$1,000
Receive
  • For investments over $1,000, investors will receive a $100 candy credit for every $1,000 invested (up to $5,000). You will also get early access to new candy releases and investor-exclusive shopping events. Plus, early invites to tastings and events at our retail boutiques.

About Sugarfina

Legal Name
Sugarfina Corporation
Founded
Sep 2020
Form
Delaware Corporation
Employees
182
Website
sugarfina.com
Social Media
Headquarters
Google Map location of of Sugarfina
5275 W. Diablo Dr. Suite A1-101 , Las Vegas, NV
Headquarters
5275 W. Diablo Dr., Suite A1-101, Las Vegas, NV, United States 89118

Sugarfina Team
Everyone helping build Sugarfina, not limited to employees

Profile picture of Scott LaPorta
Scott LaPorta
CEO and Co-Investor
Profile picture of Diana Derycz-Kessler
Diana Derycz-Kessler
Board Member
Profile picture of Paul Kessler
Paul Kessler
Board Member
Profile picture of Tracy Woo
Tracy Woo
VP of Sales
Profile picture of Fiona Revic
Fiona Revic
Corporate Counsel
Profile picture of Debra Allen
Debra Allen
SVP of Human Resources
Profile picture of Brian Garrett
Brian Garrett
VP of Finance
Profile picture of Anna Levenson
Anna Levenson
VP of E-commerce
7 more team members
Scott LaPorta
CEO and Co-Investor
Diana Derycz-Kessler
Board Member
Paul Kessler
Board Member
Tracy Woo
VP of Sales
Fiona Revic
Corporate Counsel
Debra Allen
SVP of Human Resources
Brian Garrett
VP of Finance
Anna Levenson
VP of E-commerce

Press

37 Hanukkah gifts for everyone on your list, from latke-s...
Business Insider Business Insider
·
Jan 10, 2023

While the eight-day celebration of Hanukkah isn't necessarily rooted in gifting, it's become more common to give gifts ov...

Celebrate the Year of the Rabbit With These Lunar New Yea...
MSN MSN
·
Jan 9, 2023

By Elisabeth Narine of Bestproducts.com | The new year is an exciting time to look forward, reflect on the past, and cele...

These Under-$100 Stocking Stuffers Are Perfect for Last-M...
Peoplemag Peoplemag
·
Dec 16, 2022

The stocking stuffer: the unsung hero of holiday gifting. It's the saving grace of those who travel to celebrate due to i...

10 delicious Advent calendars for every taste and budget
Yahoo Yahoo
·
Nov 30, 2022

What's better than a daily ritual to count down the days to Christmas? Counting them down with a sweet treat or festive b...

Sugarfina Has A Sweet New Advent Calendar For The 2022 Ho...
MSN
·
Oct 4, 2022

Every holiday has foods that it's come to be associated with - even holidays that involve fasting. Take for example, Yom ...

Are Wedding Advent Calendars the Newest Pre-Nuptial Trend?
·
Aug 14, 2022

A countdown calendar for tying the knot? Why not. Advent calendars—the traditional, decorative calendars typically seen a...

The Best Halloween Advent Calendars to Count Down to Tric...
Food Network Food Network
·
Aug 11, 2022

Though they're often thought of as a " Christmas thing," the mysterious and fun nature of advent calendars makes them the...

Sugarfina's Champagne Bears Are Getting A Fruity Summer R...
TastingTable.com TastingTable.com
·
Jun 6, 2022

Sugarfina Sugarfina has yet to announce an official release date for the new Strawberry Champagne Bears. But, per the pre...

Show all
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Sugarfina

Sugarfina successfully raised $119,218 from 86 investors on October 16, 2023
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