VitaBowl
Early Stage
Food is Medicine: Nutritionally + medically tailored plant-forward meals
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
06/21/2023
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
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/16/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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: 06/21/2023
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