Amai

Amai

Closed: Apr. 2023

About this raise

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.

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Investment Overview

Invested this round: $383,909

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/26/2022
Close Date
04/07/2023
Min. Goal
$200,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

10%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Vista, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Sven Davison
Title
COO
Founder Name
Jeannine Davison
Title
CEO

Financials

 Revenue
$4,385
 Monthly Burn
$1,243
 Runway
20.6 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$86,360
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/07/2023 Wefunder $10,000,000 $383,909 SAFE Funded RegCF
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Add to portfolio
Amai on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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Follow Amai on Wefunder 2022

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