Bobbie
Growth Stage
An infant formula company committed to changing the conversation around feeding
Overview
Raised: $245,098
Total Commitments ($USD)
Platform
Republic
Start Date
06/27/2021
Close Date
07/20/2021
Min. Goal
$25,000
Max. Goal
$245,098
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$85,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$11,141
# of Investors
198
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Bobbie, with a valuation of $85 million, is raising funds on Republic. The company manufactures organic, European-style infant formula in the US. The organic infant formula is raising the bar for formula and reduce the stigma around formula feeding. Bobbie generated over $1 million in revenue within four months of launching and works on a direct-to-consumer subscription model. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $245,098. The campaign proceeds will be used for research and development, growth, and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$16,872 |
|
COGS |
$0 |
$13,018 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,011,984 |
$-1,495,604 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,827,936 |
$4,574,406 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,291,579 |
$4,893,945 |
|
Short-Term Debt |
$269,656 |
$23,586 |
|
Long-Term Debt |
$40,762 |
$39,680 |
|
Total Liabilities |
$310,418 |
$63,266 |
Financials as of: 06/27/2021
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