Amai

Early Stage
Patent-pending, single-use alternative: edible, compostable cups
Overview
Raised: $379,119
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
190%
% of Max. Goal
38%
Likelihood of Max
Avg. Daily Raise
$2,494
# of Investors
129
Momentum
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Amai, with a valuation of $10 million, is raising funds on Wefunder. The company makes edible and compostable cups as alternatives to single-use cups. The aim of Amai is to reduce single-use waste by capturing food assets and repurposing them into biodegradable cups. Amai cups are thermal resistant, moisture resistant, earth-friendly, healthy, and use upcycled ingredients. Jeannine Davison founded Amai in March 2019. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1 million. The campaign proceeds will be used for product development, operations, sales and marketing, and reserves.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$4,385 |
$2,782 |
COGS |
$6,816 |
$7,718 |
Tax |
$800 |
$800 |
| ||
| ||
Net Income |
$-14,915 |
$-17,628 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$25,576 |
$4,821 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$36,690 |
$9,638 |
Short-Term Debt |
$75,051 |
$25,534 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$75,051 |
$25,534 |
Financials as of: 10/26/2022
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