Royal Caridea

Royal Caridea

Growth Stage

Transform the shrimp production industry while addressing unmet market needs

Transform the shrimp production industry while addressing unmet market needs

Overview

Raised to Date: Raised: $82,790

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/25/2022

Close Date

04/29/2023

Min. Goal
$75,000
Max. Goal
$1,065,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Early Bird Valuation

$7,047,856

Pre-Money Valuation

$8,809,820

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

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

$445

# of Investors

66

Momentum
Funded
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Year Founded

2009

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Avondale, Arizona

Business Type

Growth

Royal Caridea, with a valuation of $8.8 million, is raising funds on Wefunder. It is a shrimp farming company focused on commercializing its transformative shrimp farming technology. The business will use its technology to build its first patented GEN-2, an 8-stacked raceway production system. Royal Caridea produces the Pacific whiteleg shrimp, Penaeus vannamei, and has the capacity to produce them on a continuous and predictable basis. Victoria Goitia and Michael Cunha founded Royal Caridea in June 2009. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $1.07 million. The campaign proceeds will be used to prepare the facilities for raceway installation, hire the Marketing Director, increase the marketing budget, and invest in live haul transportation.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$140,006

$1,747

COGS

$78,162

$2,136

Tax

$0

$0

 

 

Net Income

$-867,165

$-899,945

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$281,454

$191,373

Accounts Receivable

$39,548

$285

Total Assets

$3,130,461

$2,775,891

Short-Term Debt

$116,711

$98,364

Long-Term Debt

$4,083,279

$2,701,763

Total Liabilities

$4,199,990

$2,800,127

Financials as of: 10/25/2022
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Royal Caridea on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,809,820
Price per Share: $1.00

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