This company is no longer in business. Investors can get details about any potential exits or failures here.
LUPii
Early Stage
Powering food with the #1 plant protein: the lupini bean
Overview
Raised: $202,443
Total Commitments ($USD)
Platform
Republic
Start Date
04/15/2021
Close Date
08/06/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,808
# of Investors
567
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
LUPii, with a valuation cap of $6 million, is raising crowdfunding on Republic. The company makes healthy and delicious snacks using plant protein from the lupini bean. The flagship product of LUPii is LUPii Bars, new vegan protein bars in four distinct flavors. Isabelle Steichen and Alexandra Dempster founded LUPii in April 2019. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000. The raise proceeds will be used to develop new and innovative products around the lupini bean. LUPii is disrupting the bar category with its first whole-bean-based bars on the market. The LUPii Bars are vegan, gluten-free, and sell for $2.99 a bar.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$174,141 |
$6,047 |
|
COGS |
$65,334 |
$2,307 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-584,335 |
$-325,242 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$19,467 |
$143,054 |
|
Accounts Receivable |
$3,187 |
$2,733 |
|
Total Assets |
$189,239 |
$212,257 |
|
Short-Term Debt |
$937,259 |
$37,264 |
|
Long-Term Debt |
$161,164 |
$500,000 |
|
Total Liabilities |
$1,098,423 |
$537,264 |
Financials as of: 04/15/2021
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