Nutr

Nutr

Closed: Feb. 2023

About this raise

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.

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Investment Overview

Invested this round: $188,706

Deal Terms

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    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Galena, Ohio
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Alicia Long
Title
CEO
Founder Name
Dane Turk
Title
CTO

Financials

 Revenue +1,483% YoY
$783,046
 Monthly Burn
Profitable
 Cash on Hand
$100,352
Gross Margin
66%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/10/2023 Wefunder $10,000,000 $188,706 Convertible Note Funded RegCF
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Add to portfolio
Nutr on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $10,000,000

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Follow Nutr on Wefunder 2022

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Warning: according to the close date for this deal, Nutr may no longer be accepting investments.

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