Smart Cups

Smart Cups

Growth Stage

For a Better Planet, Just Add Water

For a Better Planet, Just Add Water

Overview

Raised this Round: Raised: $211,999

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/16/2024

Close Date

09/16/2024

Min. Goal
$7,499
Max. Goal
$2,607,004
Min. Investment

$248

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.95

Pre-Money Valuation

$59,145,650

Year Founded

2023

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

MISSION VIEJO, California

Business Type

Growth

Smart Cups, with a valuation of $59.15 million, is raising funds on StartEngine. The company has developed a patented delivery system platform that creates sustainable consumer packaged products. Smart Cups uses its novel microencapsulation printing to eliminate liquid from consumer packaged goods and enables their liquidless transportation. The technology helps to reduce carbon emissions, packaging, and global warming and has been featured in FOX, ABC 7, Time Magazine, and Forbes. Chris Kanik founded Smart Cups in February 2023. The current crowdfunding campaign has a minimum target of $7,498.90 and a maximum target of $2.6 million. The campaign proceeds will be used for research and development, inventory, working capital, and company employment.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$259,867

$216,510

COGS

$207,275

$361,802

Tax

$35,624

$11,754

 

 

Net Income

$-1,901,790

$-2,700,479

Summary Balance Sheet

FY 2023 FY 2022

Cash

$142,913

$90,920

Accounts Receivable

$0

$0

Total Assets

$6,917,218

$7,474,445

Short-Term Debt

$1,222,170

$1,273,816

Long-Term Debt

$959,100

$1,017,905

Total Liabilities

$2,181,270

$2,291,721

Financials as of: 06/16/2024
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Smart Cups 09/15/2024 StartEngine $59,145,650 $211,999 Equity - Common Active RegCF
Smart Cups 04/28/2024 StartEngine $57,786,630 $1,602,564 Equity - Common Funded RegCF
Smart Cups 10/04/2023 StartEngine $10,650,000 $1,211,031 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Add to portfolio
Smart Cups on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $59,145,650
Price per Share: $2.95

Follow company

Follow Smart Cups on StartEngine 2024

Buy Smart Cups's Deal Report

Smart Cups Deal Report

Get KingsCrowd’s comprehensive report on Smart Cups including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Smart Cups is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Smart Cups deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge