Ample Foods

Ample Foods

Growth Stage

Optimal nutrition simplified through premium meal replacements

Optimal nutrition simplified through premium meal replacements

Overview

Raised to Date: Raised: $699,517

Total Commitments ($USD)

Platform

Republic

Start Date

03/03/2020

Close Date

05/16/2020

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$9,582

# of Investors

1,645

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

San Francisco, California

Business Type

Growth

Company Website

Ample Foods, with a valuation cap of $15 million, is raising funds on Republic. The products of the company are made from premium ingredients and provide optimal nutrition in a simplified form. It is a real-food meal replacement in a bottle or canister. Ample Foods was founded by Connor Young in October 2015 and has raised over $5 million since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $295,836, and the proceeds will be used to generate economies of scale. Ample Foods is already cash-flow positive and has increased its profit by 140% in 2019. The subscription model of the company generates $3 million in annual revenues, at $381 per customer.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,934,247

$2,908,021

COGS

$1,891,508

$2,454,496

Tax

$0

$0

 

 

Net Income

$-1,397,697

$-2,703,391

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$121,077

$439,314

Accounts Receivable

$0

$0

Total Assets

$425,060

$835,359

Short-Term Debt

$1,155,986

$944,884

Long-Term Debt

$0

$0

Total Liabilities

$1,155,986

$944,884
Financials as of: 03/03/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ample Foods 05/15/2020 Republic $15,000,000 $699,517 SAFE Funded RegCF
Ample Foods 03/26/2019 Republic $15,000,000 $793,149 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Ample Foods on Republic
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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