FoodieKid

Early Stage

Frozen organic baby meals for all stages; prepped, portioned & made in minutes

Analytics

Raised to Date: Raised: $119,400

Aggregate Commitments $

Platform

Wefunder

Start Date

05/17/2021

Close Date

07/30/2021

Min. Goal

$80,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

08/01/2021

Days Remaining
Funded
% of Min. Goal

149%

% of Max. Goal

24%

Likelihood of Max
Funded
Avg. Daily Raise

$1,614

Momentum
Funded
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Location

Brooklyn, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

FoodieKid, with a valuation cap of $6 million, is raising funds on Wefunder. The baby and toddler food brand makes frozen and organic baby meals for all stages. The Simple Starters of FoodieKid are nutritiously balanced and allow parents to choose the texture and flavor they need. Christine Topalian founded FoodieKid in September 2017. The current crowdfunding round has a minimum target of $250,000 and a maximum target of $500,000, and the funds will be used for marketing, hiring, working capital, and inventory production. FoodieKid is the first-to-market frozen baby food brand and sells through flagship and retail locations. The revenue of the company doubled in 2020 compared to the previous year.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$39,442

$20,619

COGS

$26,919

$16,825

Tax

$0

$0

 

 

Net Income

$-45,330

$-67,749

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$37,719

$79,076

Accounts Receivable

$503

$3,882

Total Assets

$77,310

$150,959

Short-Term Debt

$3,391

$3,876

Long-Term Debt

$20,832

$0

Total Liabilities

$24,223

$3,876

Financials as of: 05/17/2021
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