Koia
Growth Stage
Making delicious, plant-based nutrition accessible to all
Overview
Raised: $507,660
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/22/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Convertible Note
SEC Filing Type
RegCF
Valuation Cap
$115,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$63,458
# of Investors
272
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Los Angeles, California
Koia, with a valuation of $115 million, is raising funds on Wefunder. The company makes delicious and plant-based drinks that make nutrition accessible to all. The drinks of Koia are healthy, delicious, packed with protein, little sugar, and suitable for everyone. Koia has sold over 38 million bottles and generated $36.4 million in 2021 sales revenue. Chris Hunter founded Koia in October 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for marketing, general corporate purposes, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$15,128,094 |
$14,510,933 |
|
COGS |
$10,152,940 |
$9,092,916 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-8,019,783 |
$-7,159,651 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$317,627 |
$311,479 |
|
Accounts Receivable |
$660,799 |
$1,010,779 |
|
Total Assets |
$5,667,516 |
$4,334,221 |
|
Short-Term Debt |
$3,229,867 |
$1,448,425 |
|
Long-Term Debt |
$411,127 |
$7,460,218 |
|
Total Liabilities |
$3,640,994 |
$8,908,643 |
Financials as of: 04/22/2022
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