Protein Quick (2023)

Protein Quick (2023)

About this raise

Protein Quick, with a valuation of $10.1 million, is raising funds on NetCapital. The company makes protein drinks with up to 20 grams of protein in two ounces of liquid. The drinks are ready to drink without sugar, fat, caffeine, or carbs. Protein Quick product is convenient, portable, and does not require refrigeration. It fulfills the protein needs for better nutritional balance and can be consumed anywhere by anyone. Kauffman Scott founded Protein Quick in February 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $375,360. The campaign proceeds will be used for inventory, customer acquisition, product samples, and selling, general and administrative expenses. The valuation changed from $10.1 million to $12.1 million on February 8, 2023.

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Investment Overview

Invested this round: $37,853

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
01/10/2023
Close Date
09/29/2023
Min. Goal
$10,000
Max Goal
$375,360
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.27

Early Bird Valuation

$10,060,000

Pre-Money Valuation

$12,052,990

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Weston, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Scott Kauffman
Title
CEO

Financials

as of Fiscal Year 2021
 Revenue
$0
 Monthly Burn
$14,496
 Runway
10.4 months

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-173,952

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$151,471

$0

Accounts Receivable

$0

$0

Total Assets

$174,388

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$148,565
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/29/2023 Netcapital $12,052,990 $37,853 Equity - Common Funded RegCF
02/28/2022 Netcapital $8,930,000 $148,565 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Protein Quick on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $12,052,990
Price per Share: $1.27

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Follow Protein Quick on NetCapital 2023

Buy Protein Quick's Deal Report

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

Protein Quick Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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