Evolution Nutrition

Evolution Nutrition

Growth Stage

Putting enjoyment into healthy eating.

Putting enjoyment into healthy eating.

Overview

Raised this Round: Raised: $8,791

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/16/2023

Close Date

02/13/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$249

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$19,000,000

Discount

20%

Year Founded

2009

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Solana Beach, California

Business Type

Growth

Evolution Nutrition, with a valuation of $19 million, is raising funds on StartEngine. The company has developed an app, DailyNourish, to redefine healthy eating and thoughtful planning. DailyNourish aims to put enjoyment in healthy eating by eliminating meal confusion and providing doorstep grocery delivery through Amazon Fresh. The app takes the experience of culinary enthusiasts and nutrition experts and combines it with science to enable healthy weight loss. Jeff Boyes founded Evolution Nutrition in April 2009. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, company employment, working capital, and ongoing operations.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,494,885

$1,745,197

COGS

$618,060

$545,402

Tax

$0

$0

 

 

Net Income

$-775,720

$-19,486

Summary Balance Sheet

FY 2022 FY 2021

Cash

$246,506

$1,192,275

Accounts Receivable

$5,500

$3,500

Total Assets

$1,898,926

$1,988,522

Short-Term Debt

$603,117

$283,441

Long-Term Debt

$1,406,448

$1,000,000

Total Liabilities

$2,009,565

$1,283,441

Financials as of: 11/16/2023
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Evolution Nutrition 02/13/2024 StartEngine $19,000,000 $8,791 Convertible Note Not Funded RegCF

No prior online funding rounds.

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Evolution Nutrition on StartEngine 2023
Platform: StartEngine
Security Type: Convertible Note
Valuation: $19,000,000

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Warning: according to the close date for this deal, Evolution Nutrition may no longer be accepting investments.

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