Yummy Future
Early Stage
We build robotic coffee shops that can replace any chain coffee shop business
Overview
Raised: $198,948
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/28/2021
Close Date
04/05/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$25,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,259
# of Investors
143
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 10/28/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.