Cool Beans

Early Stage

Plant-based goodness from whole food ingredients—great for people & the planet

Analytics

Raised to Date: Raised: $49,311

Aggregate Commitments $

Platform

Republic

Start Date

07/12/2022

Close Date

12/29/2022

Min. Goal

$25,000

Max. Goal

$400,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,000,000

Discount Rate

15%

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

20

% of Min. Goal

197%

% of Max. Goal

12%

Likelihood of Max
unlikely
Avg. Daily Raise

$329

# of Investors

111

Momentum
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Location

Lake Forest, Illinois

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

Growth

Cool Beans, with a valuation of $6 million, is raising funds on Republic. The company sells minimally-processed beans in the form of snacks. The offerings of Cool Beans include a line of frozen plant-based wraps that bring whole foods into the diet easily. The Cool Beans wraps are loaded with 27 plant-based ingredients with appealing flavors and gut health. Cool Beans is available at over 5,000 PODs, 1,500 stores, and 16 distribution centers and expects to generate $1.2 million in revenue in 2022. Tyler Mayoras, Mike Brennan, Caryn Rowe Africk, and Eric Schnell founded Cool Beans in May 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $400,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$85,416

$327,080

COGS

$290,500

$345,988

Tax

$0

$0

 

 

Net Income

$-1,024,160

$-560,389

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$72,342

$580,668

Accounts Receivable

$0

$56,155

Total Assets

$134,827

$702,512

Short-Term Debt

$1,776,003

$1,619,705

Long-Term Debt

$375,473

$83,100

Total Liabilities

$2,151,476

$1,702,805

Financials as of: 07/12/2022
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Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Cool Beans lets customers enjoy plant-based frozen burritos at home. Although trends are in its favor, the company faces stiff competition.

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Cool Beans on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $6,000,000

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