Amai

Amai

Early Stage

Patent-pending, single-use alternative: edible, compostable cups

Patent-pending, single-use alternative: edible, compostable cups

Overview

Raised to Date: Raised: $383,909

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/25/2022

Close Date

04/07/2023

Min. Goal
$200,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,355

# of Investors

135

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Vista, California

Business Type

Growth

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: 10/25/2022
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Amai on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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