Ample Foods

[Closed for Investment] Ample Foods, with a valuation cap of $15 million, is raising funds on Republic. The products of the company are made from premium ingredients and provide optimal nutrition in a simplified form. It is a real-food meal replacement in a bottle or canister. Ample Foods was founded by Connor Young in October 2015 and has raised over $5 million since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $295,836, and the proceeds will be used to generate economies of scale. Ample Foods is already cash-flow positive and has increased its profit by 140% in 2019. The subscription model of the company generates $3 million in annual revenues, at $381 per customer.

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Investment Overview

Raised this Round: Raised: $699,517

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
03/04/2020
Close Date
05/16/2020
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Founder Name
Connor Young
Title
CEO

Financials

 Revenue +1% YoY
$2,934,247
 Monthly Burn
$116,475
 Runway
1 months
Gross Margin
36%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,934,247

$2,908,021

COGS

$1,891,508

$2,454,496

Tax

$0

$0

 

 

Net Income

$-1,397,697

$-2,703,391

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$121,077

$439,314

Accounts Receivable

$0

$0

Total Assets

$425,060

$835,359

Short-Term Debt

$1,155,986

$944,884

Long-Term Debt

$0

$0

Total Liabilities

$1,155,986

$944,884

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/16/2020 Republic $15,000,000 $699,517 SAFE Funded RegCF
03/27/2019 Republic $15,000,000 $793,149 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Ample Foods on Republic
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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