Nutr
Early Stage
Plant Based Milk Maker: Make At-Home Nut Milk In Minutes!
Overview
Raised: $188,706
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/14/2022
Close Date
02/10/2023
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2023
Days Remaining
Funded
% of Min. Goal
377%
% of Max. Goal
18%
Likelihood of Max
Funded
Avg. Daily Raise
$1,586
# of Investors
234
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Nutr, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a convenient way to make delicious plant-based milk at home in minutes. The nut milk maker of Nutr is perfect for making plant-based milk, including soy and rice milk, coffee creamers, hot drinks, and smoothies. The machine is versatile, sustainable, compact and comes with various heat settings. Nutr sold 17,000 machines and reported $2.7 million in sales in 12 months and has contracts signed with nationwide retailers, including Best Buy, Nordstrom, and Macy’s. Alicia Long and Dane Turk founded Nutr in April 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketing, hiring, and operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$783,046 |
$49,453 |
|
COGS |
$263,673 |
$42,869 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$53,956 |
$-9,828 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$100,352 |
$14,844 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$427,640 |
$28,844 |
|
Short-Term Debt |
$384,602 |
$30,754 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$384,602 |
$30,754 |
Financials as of: 10/14/2022
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