VitaBowl

VitaBowl

Early Stage

Food is Medicine: Nutritionally + medically tailored plant-forward meals

Food is Medicine: Nutritionally + medically tailored plant-forward meals

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Republic

Start Date

06/20/2023

Close Date

09/16/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

LOS ANGELES, California

Business Type

Growth

VitaBowl, with a valuation of $15 million, is raising funds on Republic. It is a food business that makes nutritionally and medically tailored plant-forward meals. The products of VitaBowl are scientifically designed to provide nutrition at the cellular level and are convenient, delicious, and healthy. VitaBowl has already shipped over 300,000 fresh meals and plans to launch its frozen meal SKU line in 2023. Dominique Crenn, Sarah Brandow, and Miko Lorenzo founded VitaBowl in November 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and product development, sales and marketing, software engineering, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$859,342

$213,858

COGS

$698,792

$211,457

Tax

$0

$0

 

 

Net Income

$-722,890

$-1,356,219

Summary Balance Sheet

FY 2022 FY 2021

Cash

$146,837

$150,526

Accounts Receivable

$71,234

$61,218

Total Assets

$798,791

$508,907

Short-Term Debt

$398,705

$68,529

Long-Term Debt

$3,287,296

$2,759,000

Total Liabilities

$3,686,001

$2,827,529

Financials as of: 06/20/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
VitaBowl 04/28/2024 StartEngine $9,990,303 $80,831 Equity - Common Funded RegCF
VitaBowl 09/15/2023 Republic $15,000,000 $0 SAFE Not Funded RegCF
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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

Funding data not publicly available

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VitaBowl on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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