Counter-Intuitive Cooking
Early Stage
A kitchen robot and AI that allows hands-off, remote, freezer-to-oven cooking
Overview
Raised: $59,534
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/18/2021
Close Date
06/23/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$1,875,000
Valuation Cap
$2,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$480
# of Investors
49
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Counter-Intuitive Cooking, with a $2.5 million valuation cap, is raising crowdfunding on Wefunder. The company aims to develop SueChef, an automated kitchen robot that uses artificial intelligence to take the user out of the meal preparation equation. The product will allow hands-off freezer-to-oven cooking. Maxwell Wieder and Eddie Holzinger founded Counter-Intuitive Cooking in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for manufacturing of production prototypes, the launch of a marketing campaign, and finalization of the consumer app. Counter-Intuitive Cooking’s SueChef will help users in saving money eating out. Also, the product will work on a recurring revenue model rather than a one-time product sale.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,904 |
$-25,913 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,395 |
$5,799 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,395 |
$5,799 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$11,500 |
$0 |
|
Total Liabilities |
$11,500 |
$0 |
Financials as of: 02/18/2021
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