Kamoti

Kamoti

Closed: Jul. 2024

About this raise

Kamoti, with a valuation of $7.5 million, is raising funds on StartEngine. The company sells ready-to-serve premium green and white tea shots to bars and retailers. Kamoti’s green and white tea shots are low-ABV shots made using whiskey, tea, and a hint of sour, lime, and peach and are naturally sweetened and gluten-free. The shots function as an alternative to shot culture and let people enjoy with their friends and family both in and out of the bar, with a chill experience for all. Dylan Fusco and Michael Pugliese founded Kamoti in February 2024. The current crowdfunding campaign has a minimum target of $14,997.28 and a maximum target of $1.23 million. The campaign proceeds will be used for operating expenses and marketing.

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Investment Overview

Invested this round: $350,608

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/14/2024
Close Date
07/10/2024
Min. Goal
$14,997
Max Goal
$1,234,998
Min. Investment

$348

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.36

Pre-Money Valuation

$7,504,884

Company & Team

Company

Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Jersey City, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Michael Pugliese
Title
President
Founder Name
Dylan Fusco
Title
CEO

Financials

 Revenue +34% YoY
$472,125
as of FY2023
 Monthly Burn
$42,348
as of FY2023
 Runway
3.2 months
as of FY2023
 Gross Margin
37%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$472,125

$351,309

COGS

$296,112

$208,105

Tax

$0

$0

 

 

Net Income

$-508,178

$-348,912

Summary Balance Sheet

FY 2023 FY 2022

Cash

$136,290

$44,212

Accounts Receivable

$81,104

$4,817

Total Assets

$448,001

$304,430

Short-Term Debt

$535,550

$1,038

Long-Term Debt

$478,252

$765,000

Total Liabilities

$1,013,802

$766,038

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$785,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/10/2024 StartEngine $7,504,884 $350,608 Equity - Common Funded RegCF
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Add to portfolio
Kamoti on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,504,884
Price per Share: $5.36

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Follow Kamoti on StartEngine 2024

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

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