Ample Foods

Top Deal
BETA

Optimal nutrition simplified through premium meal replacements

Analytics

Raised to Date: $699,517

Aggregate Commitments $
Platform

Republic

Start Date

03/04/2020

Close Date

05/16/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$15,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

05/31/2020

Days Remaining
Funded
% of Min. Goal

1,399%

% of Max. Goal

65%

Likelihood of Max
Funded
Avg. Daily Raise

$9,582

# of Investors

1,645

Momentum
Funded
Location

San Francisco, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
05/16/2020 Republic $15,000,000 $699,517 SAFE Confirmed Closed RegCF
03/27/2019 Republic $15,000,000 $793,149 SAFE Confirmed Closed RegCF

Ratings

last updated 08/23/2020

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