Yummy Future

Early Stage

We build robotic coffee shops that can replace any chain coffee shop business

Analytics

Raised to Date:
$186,278 - RegCF
$361,278 - Total

Aggregate Commitments $

Platform

Wefunder

Start Date

10/29/2021

Close Date

03/04/2022

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF / RegD 506(c)

Series

Pre-Seed

Valuation Cap

$25,000,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

89

% of Min. Goal

186%

% of Max. Goal

17%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,035

Momentum
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Location

Champaign, Illinois

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Yummy Future, with a valuation of $25 million, is raising funds on Wefunder. The company is creating the coffee shop of the future with its robotic coffee shops. The business uses robotic technology to reduce labor costs and market volatility for coffee shops. The Yummy Future coffeeshops are capable of handling high customer volumes in peak season and reducing running costs during the off-season. Yummy Future has over 25 preorders that it aims to fulfil by mid-2022. Guangzhe Cui and Yueming Yan founded Yummy Future in September 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for hiring staff, production of new units, and licensing and IP development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$10,275

COGS

$0

$9,386

Tax

$0

$0

 

 

Net Income

$-53,664

$-76,270

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$22,283

$72,498

Accounts Receivable

$0

$0

Total Assets

$42,161

$97,488

Short-Term Debt

$4,069

$5,943

Long-Term Debt

$167,026

$166,815

Total Liabilities

$171,095

$172,758

Financials as of: 10/29/2021
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Yummy Future on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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