ReGrained

Deal To Watch
BETA

Food Upcycling Technology, Ingredient Platform and Packaged Foods Innovator

Analytics

Raised to Date: $535,000

Aggregate Commitments $
Platform

Wefunder

Start Date

09/17/2020

Close Date

11/06/2020

Min. Goal

$50,000

Max. Goal

$535,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$14,500,000

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

17

% of Min. Goal

1,070%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$17,258

# of Investors

695

Momentum
Location

Berkeley, CA

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

ReGrained, with a pre-money valuation of $14.5 million, is raising funds on Wefunder. It is a food upcycling technology and ingredient platform that rescues food from processors to create upcycled superfoods. The company partnered with the USDA for a collaborative research agreement and developed its patent-protected technology. ReGrained was founded by Dan Kurzrock and Jordan Schwartz in 2019 and has raised over $4.8 million since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $535,000, will be used for plant commercialization, ingredient R&D, and expansion of the ingredient portfolio. ReGrained is mission-driven and actively developing partnerships with over 60 companies across 20 F&B sectors.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$359,432

$237,695

COGS

$155,922

$34,472

Tax

$0

$0

 

 

Net Income

$-1,664,702

$-989,890

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$653,014

$688,555

Accounts Receivable

$62,390

$26,465

Total Assets

$1,084,132

$901,186

Short-Term Debt

$27,605

$23,378

Long-Term Debt

$754,781

$0

Total Liabilities

$782,386

$477,720

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
11/06/2020 Wefunder $14,500,000 $535,000 Equity - Preferred Active RegCF
03/16/2018 Microventures $0 $531,809 Debt Confirmed Closed RegCF

Ratings

last updated 10/20/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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