Oath Oats
Early Stage
We're going all in on oats
Overview
Raised: $90,854
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/07/2023
Close Date
12/05/2023
Min. Goal
$15,000
Max. Goal
$600,000
Min. Investment
$350
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.61
Pre-Money Valuation
$7,540,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/29/2023
Days Remaining
66
% of Min. Goal
648%
% of Max. Goal
16%
Likelihood of Max
Avg. Daily Raise
$4,228
# of Investors
86
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Oath Oats, with a valuation of $7.54M, is raising funds on StartEngine. The company, is dedicated to transforming oats, into delicious and nutritious products. Oath Oats offers products like overnight oats, granola, and oat bars based on viral oat-based recipes from its founder Yumna. These products are gluten-free, free of refined sugar, and aim to elevate breakfast by combining nutrition with convenience. Founded by Yumna Jawad in 2021, the current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $600,000. The campaign proceeds will be used to scale inventory, enhance marketing initiatives, and meet the existing demand from large retailers.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$49,419 |
$0 |
|
COGS |
$24,709 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-384,331 |
$-134,664 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$71,201 |
$96 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$600,564 |
$490,378 |
|
Short-Term Debt |
$309,013 |
$395,876 |
|
Long-Term Debt |
$0 |
$229,166 |
|
Total Liabilities |
$309,013 |
$625,042 |
Financials as of: 09/07/2023
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