Cafe X

Growth Stage

Fully-automated café systems

Overview

Raised to Date: Raised: $34,900

Total Commitments ($USD)

Platform

Republic

Start Date

03/16/2023

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    Open SEC Filing

Valuation Cap

$50,000,000

Discount

0%

Venture Capital Investors:

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

36

% of Min. Goal

140%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,986

# of Investors

45

Momentum
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Year Founded

2014

Industry

Food, Beverage, & Restaurants

Tech Sector

Hardwaretech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

San Francisco, California

Business Type

Growth

Company Website

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

Most Recent Year Prior Year

Revenue

$271,794

$398,719

COGS

$125,528

$293,610

Tax

$0

$0

 

 

Net Income

$-1,462,759

$-2,721,591

Summary Balance Sheet

Most Recent Year Prior Year

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: 03/16/2023
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Cafe X on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $50,000,000

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