Cafe X
Growth Stage
Fully-automated café systems
Overview
Raised: $321,281
Total Commitments ($USD)
Platform
Republic
Start Date
03/15/2023
Close Date
04/28/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$50,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,472
# of Investors
399
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Hardwaretech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Cafe X, with a valuation of $50 million, is raising funds on Republic. The company has developed robotic coffee bars that include fully automated cafe systems, software, and services. The robotic coffee bars of Cafe X are the world’s highest revenue-generating vending machines, and each serves about 600 orders per day. Cafe X has multiple customers and has generated $6 million in sales. Henry Hu founded Cafe X in May 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, inventory, sales and marketing, and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$271,794 |
$398,719 |
|
COGS |
$125,528 |
$293,610 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,462,759 |
$-2,721,591 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$306,300 |
$840,173 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,248,531 |
$1,313,895 |
|
Short-Term Debt |
$1,736,852 |
$1,206,201 |
|
Long-Term Debt |
$3,137,807 |
$2,361,629 |
|
Total Liabilities |
$4,874,659 |
$3,567,830 |
Financials as of: 03/15/2023
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