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Mealthy

Mealthy

Growth Stage

This product is a game changer! - Delish.com

This product is a game changer! - Delish.com

Overview

Raised this Round: Raised: $393,887

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/29/2020

Close Date

08/31/2021

Min. Goal
$150,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$40,000,000

Discount

15%

Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Fresno, California

Business Type

Life Style

Mealthy, with a valuation cap of $40 million, is raising crowdfunding on Wefunder. It is a kitchen appliance and consumer goods company that designs and manufactures high-quality kitchen products that come at great prices, with easy recipes and videos. The flagship products of Mealthy include the Mealthy MultiPot and HandBlend. Casey Musick founded Mealthy in 2017. The current round of crowdfunding has a minimum target of $150,000 and a maximum target of $1,070,000, and the funds will be used towards product inventory, marketing, talent acquisition, and new product launch. Mealthy has generated over $19.9 million in revenues in the first three years and plans to launch many new products in 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,738,650

$6,322,367

COGS

$3,051,771

$3,950,778

Tax

$0

$0

 

 

Net Income

$-1,760,752

$-1,922,604

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$490,948

$524,462

Accounts Receivable

$64,700

$315,150

Total Assets

$1,489,208

$1,823,112

Short-Term Debt

$616,808

$204,535

Long-Term Debt

$0

$0

Total Liabilities

$616,808

$204,535

Financials as of: 12/29/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Mealthy 08/30/2021 Wefunder $40,000,000 $393,887 SAFE Funded RegCF
Mealthy 08/21/2019 Republic $30,000,000 $1,070,000 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Mealthy on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $40,000,000

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