AKUA
Incredible meat + seafood alternatives made from ocean-farmed seagreens
Overview
Raised: $40,761
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/07/2023
Days Remaining
70
% of Min. Goal
163%
% of Max. Goal
7%
Likelihood of Max
Avg. Daily Raise
$2,717
# of Investors
65
Momentum
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
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.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$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
-
$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
Edge Pro
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.