Moriondo
Early Stage
The new fresh cup: no waiting, no plastic
Overview
Raised: $39,750
Total Commitments ($USD)
Platform
Republic
Start Date
12/26/2022
Close Date
02/19/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$8,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
17
% of Min. Goal
159%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$1,046
# of Investors
53
Momentum
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Founder Profile
Location
New York, New York
Industry
Food, Beverage, & Restaurants
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Moriondo, with a valuation of $8 million, is raising funds on Republic. The company makes OEM/ODM coffee machines and proprietary coffee blends with no aluminum or plastic pod waste. The espresso machines of Moriondo use no plastic residuals or chemicals and replicate the coffee shop experience at home. Moriondo has generated $1.9 million in lifetime revenue and saved over 7 million coffee pods worth of waste to date. Alvise Pasqualetti and Max Gendler founded Moriondo in June 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and sales, machines, R&D, and team.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$382,518 |
$281,753 |
|
COGS |
$-132,936 |
$-79,326 |
|
Tax |
$7,520 |
$-3,374 |
| ||
| ||
|
Net Income |
$28,289 |
$-12,694 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$18,994 |
$19,815 |
|
Accounts Receivable |
$10,780 |
$9,366 |
|
Total Assets |
$195,162 |
$153,907 |
|
Short-Term Debt |
$46,747 |
$13,899 |
|
Long-Term Debt |
$22,042 |
$49,624 |
|
Total Liabilities |
$68,789 |
$63,523 |
Financials as of: 12/26/2022
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