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.

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Investment Overview

Committed this round: $487,273

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/17/2024
Close Date
01/21/2025
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Chris Kanik
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +20% YoY
$259,867
 Monthly Burn
$85,000
 Runway
5.3 months
Gross Margin
20%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$11,400,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/21/2025 StartEngine $59,145,650 $487,273 Equity - Common Active RegCF
04/29/2024 StartEngine $57,786,630 $1,602,564 Equity - Common Funded RegCF
10/05/2023 StartEngine $10,650,000 $1,211,031 Equity - Common Funded RegCF
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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.

Employee History

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

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