AKUA

Growth Stage

Incredible meat + seafood alternatives made from ocean-farmed seagreens

Overview

Raised to Date: Raised: $40,761

Total Commitments ($USD)

Platform

Republic

Start Date

05/23/2023

Close Date

08/16/2023

Min. Goal
$25,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$15,000,000

Valuation Cap

$16,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

06/07/2023

Days Remaining

70

% of Min. Goal

163%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,717

# of Investors

65

Momentum
warm.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Growth

AKUA, with a valuation of $16 million, is raising funds on Republic. It is a meat-alt company that uses technology to make nutrient-dense, sustainable, and regenerative food. The products of AKUA are rich in protein and made from ocean-farmed kelp. AKUA products, including the Kelp Jerky, are already available in over 800 stores across the US and have generated $1.45 million in lifetime sales. Courtney Boyd Myers founded AKUA in December 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $618,000. The campaign proceeds will be used for the retail launch of the Kelp Patty SpongeBob licensed SKU set.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$508,885

$450,947

COGS

$386,157

$296,245

Tax

$0

$0

 

 

Net Income

$-2,100,750

$-1,099,976

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,399,433

$3,549,911

Accounts Receivable

$60,536

$6,764

Total Assets

$1,863,295

$3,976,787

Short-Term Debt

$84,673

$373,327

Long-Term Debt

$1,070,000

$835,000

Total Liabilities

$1,154,673

$1,208,327

Financials as of: 05/23/2023
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AKUA 08/16/2023 Republic $16,000,000 $40,761 SAFE Active RegCF
AKUA 04/24/2021 Republic $7,000,000 $1,070,000 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
AKUA on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $16,000,000

Follow company

Follow AKUA on Republic 2023

Buy AKUA's Deal Report

AKUA Deal Report

Get KingsCrowd’s comprehensive report on AKUA including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether AKUA is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the AKUA deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge Pro