Amai
Early Stage
Patent-pending, single-use alternative: edible, compostable cups
Overview
Raised: $379,119
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/26/2022
Close Date
04/30/2023
Min. Goal
$200,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
10%
Rolling Commitments ($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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