Royal Caridea
About this raise
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.
Investment Overview
Invested : $82,790
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/26/2022
- Close Date
- 04/30/2023
$75,000
$1,065,000
$100
Equity - Preferred
Growth Stage
RegCF
$1.00
$7,047,856
$8,809,820
Company & Team
Company
- Year Founded
- 2009
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $140,006
- Monthly Burn
- $72,264
-
Runway
- 3.9 months
- Gross Margin
- 44%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,724,663
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $8,809,820 | $82,790 | Equity - Preferred | Funded | RegCF |