Oath Oats

Oath Oats

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $147,838

Deal Terms

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    Open SEC Filing

Price Per Share

$0.61

Pre-Money Valuation

$7,540,000

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Yumna Jawad
Title
Board Member

Financials

as of Fiscal Year 2022
 Revenue
$49,419
 Monthly Burn
$32,028
 Runway
2.2 months
Gross Margin
50%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$811,246
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/05/2023 StartEngine $7,540,000 $147,838 Equity - Common Funded RegCF
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Add to portfolio
Oath Oats on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,540,000
Price per Share: $0.61

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Follow Oath Oats on StartEngine 2023

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

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