Akua

Meat-alt company making plant-based foods from regenerative aquaculture

Analytics

Raised to Date: $725,183

Aggregate Commitments $
Platform

Republic

Start Date

11/11/2020

Close Date

04/23/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$7,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

04/11/2021

Days Remaining

9

% of Min. Goal

2,901%

% of Max. Goal

68%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,803

# of Investors

1,853

Momentum
hot
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Location

Brooklyn, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Akua, with a $7 million valuation cap, is raising crowdfunding on Republic. It is a meat-alt company that uses technology to make nutrient-dense, sustainable, and regenerative food. The products of Akua are rich in protein and made from ocean-farmed kelp. Courtney Boyd Myers founded in 2016 and has raised over $750,000 since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to create a platform of meat-alternative products, grow its brand, and launch The Kelp Burger. Akua products, including the Kelp Jerky, are already available in over 40 stores across the US.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$143,559

$276

COGS

$81,040

$0

Tax

$0

$0

 

 

Net Income

$-210,147

$-131,872

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$98,111

$437,071

Accounts Receivable

$790

$0

Total Assets

$261,531

$500,390

Short-Term Debt

$29,475

$468,553

Long-Term Debt

$555,366

$145,000

Total Liabilities

$584,841

$613,553

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