Artly
Growth Stage
Your Friendly Neighborhood Robot Barista.
Overview
Raised: $3,548,663
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/07/2023
Close Date
04/15/2024
Min. Goal
$9,992
Max. Goal
$4,999,998
Min. Investment
$493
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$9.48
Pre-Money Valuation
$99,965,624
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/27/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$14,138
# of Investors
1,616
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Artly, with a valuation of $99.97 million, is raising funds on StartEngine. The company has created specialty coffee experiences with its AI-powered robot baristas. Artly’s technology combines the finesse of baristas with the precision of AI to revolutionize the specialty coffee experience. The robotic baristas of Artly have served more than 35,000 cups of coffee and reported a 900% revenue growth from 2021 to 2022. Meng Wang and Joe Yang founded Artly in June 2020. The current crowdfunding campaign has a minimum target of $9,991.92 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$911,907 |
$109,257 |
|
COGS |
$528,126 |
$40,945 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,071,212 |
$-596,059 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,490,120 |
$434,636 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$7,254,477 |
$824,806 |
|
Short-Term Debt |
$123,460 |
$11,204 |
|
Long-Term Debt |
$110,234 |
$0 |
|
Total Liabilities |
$233,694 |
$11,204 |
Financials as of: 08/07/2023
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