AKUA

Revolutionary meat + seafood alternatives made from ocean-farmed seagreens

Security Type: Crowd SAFE
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: 392
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 : $224,498

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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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