Ayoba

Premium Cuts of Tender, Grass Fed Beef. 'Meat' Biltong, by Ayoba

Analytics

Raised to Date: $32,150

Aggregate Commitments $
Platform

Republic

Start Date

04/07/2021

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,000,000

Discount Rate

15%

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

7

% of Min. Goal

129%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,296

# of Investors

33

Momentum
cool
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Location

Springfield, Virginia

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Ayoba, with a valuation cap of $7 million, is raising funds on Republic. The company makes premium, no-sugar, tender beef snacks. The meat biltongs of Ayoba are air-dried, made of grass-fed beef, and are made without any chemicals, soy, or nitrates. Wian van Blommestein and Emile van Blommestein founded Ayoba in May 2018. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to expand the meat snacks offerings, maintain the following on consumer trends, and invest in the R&D pipeline. Ayoba was selected by Kraft Heinz for First Ever Incubator Program called Springboard and has been voted “Best Meat Snack” by The TODAY Show.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,191,721

$656,611

COGS

$792,192

$437,882

Tax

$0

$0

 

 

Net Income

$-192,166

$6,009

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$71,739

$11,401

Accounts Receivable

$140,389

$54,866

Total Assets

$303,918

$112,196

Short-Term Debt

$134,988

$98,204

Long-Term Debt

$0

$966

Total Liabilities

$134,988

$99,170

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