Mama Gaia
Early Stage
Your AI-Powered Smart Fridge
Overview
Raised: $88,678
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/26/2021
Close Date
10/25/2021
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$248
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.51
Pre-Money Valuation
$7,019,549
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$490
# of Investors
54
Momentum
Funded
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Year Founded
2020
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Retailtech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Mama Gaia, with a pre-money valuation of $7.01 million, is raising funds on StartEngine. The company designs and builds AI-powered, app-enabled smart fridges. The fridges are stocked with locally sourced and healthy food choices and can be unlocked with a smartphone and a QR code. Sarah Lynch founded Mama Gaia in March 2020. The current crowdfunding campaign has a minimum target of $9,999.22 and a maximum target of $1,069,998.08, and the funds will be used to scale the business and use a franchise model to scale nationwide in 2022. Mama Gaia is leading the AI cashier-less retail technology and also uses AI to detect inventory.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$12,474 |
$25,591 |
|
COGS |
$7,145 |
$17,996 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-33,962 |
$-7,856 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$45,000 |
$61 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$45,064 |
$126 |
|
Short-Term Debt |
$535 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$535 |
$0 |
Financials as of: 04/26/2021
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