Artly

Artly

Growth Stage

Your Friendly Neighborhood Robot Barista.

Your Friendly Neighborhood Robot Barista.

Overview

Raised this Round: Raised: $3,573,263

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    Open SEC Filing

Price Per Share

$9.48

Pre-Money Valuation

$99,965,624

Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

SEATTLE, Washington

Business Type

Growth

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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Artly on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $99,965,624
Price per Share: $9.48

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