Asarasi

Deal To Watch
BETA

The future of water, sourced from trees.

Analytics

Raised to Date: $472,050

Aggregate Commitments $
Platform

Republic

Start Date

12/21/2020

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$472,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

10%

Weekly Commitments $
Status

Active

Reporting Date

01/27/2021

Days Remaining

92

% of Min. Goal

1,888%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$12,758

# of Investors

997

Momentum
Location

Katonah, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Asarasi, with a $10M valuation cap, is raising funds on Republic. The company was founded by CEO Adam Lazar after he discovered a renewable, sustainable, plant-based, alternative source for pure water. Asarasi founded in July, 2014. The company is raising a crowdfunding round with a minimum goal of $25,000 and a maximum goal of $472.000. Asarasi is upcycled from 1 billion gallons of sugar-free sap water byproduct from the maple industry.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$185,392

$148,474

COGS

$154,320

$112,827

Tax

$0

$0

 

 

Net Income

$-180,184

$-181,199

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$56,679

$127,837

Accounts Receivable

$10,283

$35,656

Total Assets

$222,721

$348,838

Short-Term Debt

$468,002

$103,935

Long-Term Debt

$0

$0

Total Liabilities

$468,002

$413,935

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/30/2021 Republic $10,000,000 $472,050 SAFE Active RegCF
09/30/2020 Republic $10,000,000 $597,950 SAFE Confirmed Closed RegCF

Ratings

last updated 01/28/2021

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