MicroSalt

Patented a food nanoparticle that delivers 50% less sodium with full sodium flavor.

Analytics

Raised to Date: $463,878

Aggregate Commitments $
Platform

Microventures

Start Date

12/24/2020

Close Date

06/28/2021

Min. Goal

$25,000

Max. Goal

$750,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$5,000,000

Rolling Commitments $
Status

Active

Reporting Date

06/09/2021

Days Remaining

16

% of Min. Goal

1,856%

% of Max. Goal

62%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,778

# of Investors

813

Momentum
cool
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Location

West Palm Beach, Florida

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

MicroSalt, with a valuation cap of $5 million, is raising funds on MicroVentures. The company aims to revolutionize the food industry with a patented a sodium nanoparticle engineered to deliver the full flavor experience of salt with half the sodium. MicroSalt’s powdered salt particles are approximately 100 times smaller than regular table salt, allowing them to be rapidly dissolved. The crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $250,000. The company also sells its own branded SaltMe! potato chips, which use its sodium nanoparticle technology. In May 2020, the company announced that its branded chips were available in 71 storesii throughout the Northeastern U.S. and Texas.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,557

$0

COGS

$1,412

$0

Tax

$239

$263

 

 

Net Income

$-449,333

$-118,634

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$11,806

$197,998

Accounts Receivable

$9,156

$15

Total Assets

$69,250

$216,734

Short-Term Debt

$1,031

$9,156

Long-Term Debt

$0

$0

Total Liabilities

$1,031

$9,156

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