Smart Cups
About this raise: 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.
Investment Overview
Committed : $487,273
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 06/17/2024
- Close Date
- 01/21/2025
$7,499
$2,607,004
$248
Equity - Common
Series A
RegCF
$2.95
$59,145,650
Company & Team
Company
- Year Founded
- 2023
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +20% YoY
- $259,867
- Monthly Burn
- $85,000
-
Runway
- 5.3 months
- Gross Margin
- 20%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $11,400,000
- VC Backed?
- No
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.