FoodieKid
Early Stage
Frozen organic baby meals for all stages; prepped, portioned & made in minutes
Overview
Raised: $119,400
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/16/2021
Close Date
07/30/2021
Min. Goal
$80,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$5,000,000
Valuation Cap
$6,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,614
# of Investors
84
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
FoodieKid, with a valuation cap of $6 million, is raising funds on Wefunder. The baby and toddler food brand makes frozen and organic baby meals for all stages. The Simple Starters of FoodieKid are nutritiously balanced and allow parents to choose the texture and flavor they need. Christine Topalian founded FoodieKid in September 2017. The current crowdfunding round has a minimum target of $250,000 and a maximum target of $500,000, and the funds will be used for marketing, hiring, working capital, and inventory production. FoodieKid is the first-to-market frozen baby food brand and sells through flagship and retail locations. The revenue of the company doubled in 2020 compared to the previous year.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$39,442 |
$20,619 |
|
COGS |
$26,919 |
$16,825 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-45,330 |
$-67,749 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$37,719 |
$79,076 |
|
Accounts Receivable |
$503 |
$3,882 |
|
Total Assets |
$77,310 |
$150,959 |
|
Short-Term Debt |
$3,391 |
$3,876 |
|
Long-Term Debt |
$20,832 |
$0 |
|
Total Liabilities |
$24,223 |
$3,876 |
Financials as of: 05/16/2021
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