Ample Foods

Ample Foods

Growth Stage

Optimal nutrition simplified through premium meal replacements

Optimal nutrition simplified through premium meal replacements

Overview

Raised this Round: Raised: $699,517

Total Commitments ($USD)

Platform

Republic

Start Date

03/03/2020

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%

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

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.

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

Financials as of: 03/03/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ample Foods 05/15/2020 Republic $15,000,000 $699,517 SAFE Funded RegCF
Ample Foods 03/26/2019 Republic $15,000,000 $793,149 SAFE Funded RegCF
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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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