Moriondo

Moriondo

Early Stage

The new fresh cup: no waiting, no plastic

The new fresh cup: no waiting, no plastic

Overview

Raised this Round: Raised: $58,700

Total Commitments ($USD)

Platform

Republic

Start Date

12/25/2022

Close Date

02/19/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,400,000

Valuation Cap

$8,000,000

Discount

0%

Year Founded

2014

Industry

Food, Beverage, & Restaurants

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

Growth

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

FY 2021 FY 2020

Revenue

$382,518

$281,753

COGS

$-132,936

$-79,326

Tax

$7,520

$-3,374

 

 

Net Income

$28,289

$-12,694

Summary Balance Sheet

FY 2021 FY 2020

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: 12/25/2022
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Founder Profile

Moriondo Founder Alvise Pasqualetti on Sustainable Coffee

Whether it helps them get going in the morning or it's a treat for a job well done, most American adults drink coffee. Single-cup brewing machines -- like Keurigs -- are a popular way for coffee drinkers to get their fix, with 40% owning a machine at home. But single-cup machines mean single-serve coffee pods made of plastic -- contributing to the 400 million tons of plastic waste we pile up each year.

Moriondo wants coffee drinkers to sip a delicious cup with a lighter conscience, so it sells espresso machines that use whole coffee beans to quickly brew a fresh cup -- no plastic pods necessary. With a subscription, customers can have a steady stream of freshly roasted beans delivered each month. We reached out to Moriondo founder and CEO Alvise Pasqualetti to learn about his entrepreneurial experiences and life motto.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Moriondo on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $8,000,000

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