This company is no longer in business. Investors can get details about any potential exits or failures here.
Hooray Foods
[Closed for Investment] Hooray Foods, with a valuation of $12.5 million, is raising funds on Wefunder. The company makes delicious and plant-based meats that sizzle like bacon. The food company uses simple ingredients, including rice, pea starch, tapioca, coconut oil, purple potato powder, and beet juice, and uses a patent-protected technology for making fatty meats. Hooray Foods products are sold in over 1,000 grocery stores and aim to protect the planet and pigs. Sri Artham founded Hooray Foods in March 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for supply-chain operations, acquiring new customers, research and development, marketing, and production optimization.
Investment Overview
Raised: $0
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 01/18/2023
- Close Date
- 03/29/2023
$100,000
$1,235,000
$100
SAFE
Seed
RegCF
$12,500,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +884% YoY
- $755,451
- Monthly Burn
- $254,058
-
Runway
- 5.5 months
- Gross Margin
- 10%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $7,185,071
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/29/2023 | Wefunder | $12,500,000 | $0 | SAFE | Not Funded | RegCF |