AKUA

Revolutionary meat + seafood alternatives made from ocean-farmed seagreens

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Security Type
Crowd SAFE
Categories
Agriculture, Food & Bev
Min Investment
$100
Location
COTUIT, MA
Offering Date
May 18, 2023
Expected Close Date
October 16, 2023
Target Raise
$25.00K-$618.00K
No. Investors
499
Security Price
$1
Website
akua.co
Number of Employees
2
Cash
$1,399,433
Revenue
$508,885
Short Term Debt
$84,673
Cost of Goods
$386,157
Long Term Debt
$1,070,000
Net Income
$-2,100,750

Company Description

In the last 100 years, what we eat and how we grow our food has changed dramatically. The need to feed a growing population has resulted in the rise of factory farming, the overuse of pesticides and fertilizers, and the destruction of our natural resources. We are long overdue for a new food order.

Perks

39 investors Invest $150 Receive 50% off code to try our SpongeBob Kelp Patties & BBQ Patties (Continental US Shipping Only) Limited (561 left of 600) 20 investors Invest $300 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties (Continental US Shipping Only) Limited (280 left of 300) 21 investors Invest $500 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties 10% off code for one year (Continental US Shipping Only) Limited (279 left of 300) 19 investors Invest $1,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 10% off code for one year (Continental US Shipping Only) Limited (281 left of 300) 5 investors Invest $2,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 20% off code for one year (Continental US Shipping Only) Limited (195 left of 200) 5 investors Invest $3,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 30% off code for one year AKUA x SpongeBob Limited Edition Bucket Hat (Continental US Shipping Only) Limited (95 left of 100) Invest $6,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 30% off code for one year AKUA x SpongeBob Limited Edition Bucket Hat 1-HR Zoom Investor Call with CEO (Continental US Shipping Only) Limited (60 left of 60) 2 investors Invest $10,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 30% off code for one year AKUA x SpongeBob Limited Edition Bucket Hat 1-HR Zoom Investor Call with CEO Invitation to a 2024 Kelp Farm Tour (Continental US Shipping Only) Limited (28 left of 30) Invest $30,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 30% off code for one year AKUA x SpongeBob Limited Edition Bucket Hat 1-HR Zoom Investor Call with CEO Invitation to a 2024 Kelp Farm Tour 2 FREE nights at Nickelodeon's Riviera Maya resort! (Continental US Shipping Only) Limited (20 left of 20) Invest $50,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 50% off code for one year AKUA x SpongeBob Limited Edition Bucket Hat 1-HR Zoom Investor Call with CEO Invitation to a 2024 Kelp Farm Tour 2 FREE nights at Nickelodeon's Riviera Maya resort! Invitation to the AKUA's private 'Saving Bikini Bottom: The Sandy Cheeks Movie' Launch Party in 2024 (Continental US Shipping Only) Limited (4 left of 4) Invest $100,000 Receive FREE Variety 6-Pack of our AKUA SpongeBob Kelp Patties & BBQ Patties FREE Kelp Burger Bundle FREE Krab Cake Bundle FREE Ground Meat Bundle 100% off code for one year AKUA x SpongeBob Limited Edition Bucket Hat 1-HR Zoom Investor Call with CEO Invitation to a 2024 Kelp Farm Tour 3 FREE nights at Nickelodeon's Riviera Maya resort! Invitation to the AKUA's private 'Saving Bikini Bottom: The Sandy Cheeks Movie' Launch Party in 2024 (Continental US Shipping Only) Limited (3 left of 3)

Key Deal Facts

1st company to create meat & seafood alternatives from ocean-farmed kelp Developed 10 healthy, delicious plant-based SKUs launching in 24 months Launching June 2023: Collaboration w/ Nickelodeon's SpongeBob SquarePants Regenerative farming positively impacts ocean health & coastal communities $1.45M+ lifetime sales across e-commerce, retail, and food service Sold in 800+ stores across USA with 10x YoY revenue growth in retail Raised a $3.2M SEED round in August 2021 led by notable VCs & CPG founders

Management Team / Advisory Board Bios

Courtney Boyd Myers Founder Featured in Superheroes Kalli Gillmer Head of Marketing Essi Liljama Head of Sales Yvonne Murcia Head of Operations Doris Lam Operations Manager Chess Christiana Sales Manager Briana Borgella Customer Happiness Manager Anna Zai Community & Field-Marketing Manager Jarret Christie Board Member | Founder of Vibrant Ventures Brendan Coffey Board Member | Founder of Greenwave Cristina Mittermeier Advisor | Founder of Sealegacy Chelsea Kauai Advisor | Influencer & Freediver

Amount Raised : $276,466
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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