Royal Caridea

Growth Stage
Transform the shrimp production industry while addressing unmet market needs
Overview
Raised: $79,490
Total Commitments ($USD)
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/25/2023
Days Remaining
36
% of Min. Goal
106%
% of Max. Goal
7%
Likelihood of Max
Avg. Daily Raise
$530
# of Investors
57
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2009
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 10/26/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Are you the founder of Royal Caridea? Create your account today to claim this raise page.