Billion Vegans

Billion Vegans

Early Stage

The World's Largest Online Marketplace for Vegan and Plant-Based Products

The World's Largest Online Marketplace for Vegan and Plant-Based Products

Overview

Raised to Date: Raised: $103,912

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/11/2019

Close Date

03/20/2020

Min. Goal
$50,000
Max. Goal
$354,522
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/31/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,039

# of Investors

332

Momentum
Funded
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Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

West Hills, California

Business Type

High Growth

Company Website

Billion Vegans, with a valuation cap of $6.5 million, is raising funds on WeFunder. The platform is the world’s largest online marketplace for plant-based and vegan products, with over 6,000 products and more than 300 sellers. It is a one-stop vegan shop with products ranging from food, fashion, cosmetics, and wellness to home goods and pet supplies. Billion Vegans has made vegan shopping affordable and fun. The company was founded by Alon Hochberg and has raised over $500,000 since its founding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $354,522, and the proceeds will be used for marketing and operations. Billion Vegans has created an excellent market fit for its products and is performing well with a low customer acquisition cost of $20 and a high retention rate of 23%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$56,277

$3,572

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-154,778

$-150,143

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,408

$5,551

Accounts Receivable

$8,326

$4,288

Total Assets

$26,051

$23,184

Short-Term Debt

$11,851

$27,107

Long-Term Debt

$316,221

$149,086

Total Liabilities

$328,072

$176,193
Financials as of: 12/11/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Billion Vegans 03/20/2020 Wefunder $6,500,000 $103,912 SAFE Funded RegCF
Billion Vegans 04/12/2019 Wefunder $5,000,000 $183,889 SAFE Funded RegCF
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Analyst Report Analyst Report Methodology Article

KingsCrowd’s assessment of Billion Vegans has not changed since we last rated it a Deal to Watch. Please see the previous Analyst Report to learn more about why Billion Vegans is a promising investment opportunity.

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Billion Vegans on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $6,500,000

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