Origo Brands

Origo Brands

Early Stage

Latin Foods and Flavors From the Origin

Latin Foods and Flavors From the Origin

Overview

Raised to Date: Raised: $454,120

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/22/2023

Close Date

03/04/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$5,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,781

# of Investors

206

Momentum
Funded
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Year Founded

2023

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

DENVER, Colorado

Business Type

Growth

Origo Brands, with a valuation of $5 million, is raising funds on StartEngine. It is a food and beverage company bringing Latin products and ingredients to the American market. The company has already launched three Latin brands, including Chantico Organic Agave, Avenidas Guatemalan Coffee, and Monstruo de Gila BBQ Salsas. Origo Brands products are available at several stores, including The Denver Central Market, Keller’s Farm Stores, Dorothy Lane Market, and many more, and aims to expand to other locations. David Charles Cisneros, Steve Meier, Katherine Meier, and Gayla Cisneros founded Origo Brands in April 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$226,261

$184,744

COGS

$286,399

$73,762

Tax

$0

$0

 

 

Net Income

$-323,469

$1,889

Summary Balance Sheet

FY 2022 FY 2021

Cash

$12,842

$9,260

Accounts Receivable

$4,409

$65,790

Total Assets

$340,572

$534,607

Short-Term Debt

$207,041

$166,765

Long-Term Debt

$1,220,368

$1,131,655

Total Liabilities

$1,427,409

$1,298,420

Financials as of: 06/22/2023
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Origo Brands on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $5.00

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Follow Origo Brands on StartEngine 2023

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