Evolution Nutrition
Growth Stage
Putting enjoyment into healthy eating.
Overview
Raised: $8,791
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/15/2023
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
Valuation Cap
$19,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/13/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$99
# of Investors
18
Momentum
Not Funded
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Year Founded
2009
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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: 11/15/2023
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