Plant-based foods from regenerative aquaculture

Security Type
Crowd SAFE
Food & Bev
Min Investment
Brooklyn, NY
Offering Date
November 10, 2020
Expected Close Date
March 31, 2021
Target Raise
Deal Notes

Discount: 20%

Company Description

Vision A new platform for meat alternative products made from a unique blend of algae, fungi, & pea proteinOur vision is to create a platform of clean-label, meat-alternative products including Kelp Nuggets, Kelp Sausages, Kelp Crabcakes, Kelp Balls, and more that are sold online, in retail, and through food service and restaurants around the world.We want to build a brand that consumers can trust when it comes to sustainability, nutrition, sourcing, and more. In the coming months, we will officially launch our Kelp Burger direct-to-consumer, as well as into 10+ restaurants across the U.S. Following the holidays, we'll be working with two distributors - one on each coast - to launch our Kelp Burger with Costco.com, and into Costco, Erewhon, Kroger, and others, targeting 1,500 doors across the country. In the years ahead, AKUA plans to launch at least one new plant-based, frozen product every 18 months, building a global community of customers. 

Key Deal Facts

Mission-driven company using ocean-farmed kelp to make meat-alt foods
Raising capital to launch The Kelp Burger - a delicious & clean-label meal
Kelp Jerky won Time's Best Invention & Fast Company's World Changing Idea
Customers include Sir Richard Branson, Dr. Steven Gundry & more
In 40+ stores across the U.S.; in conversations with Costco, Kroger & more
In 2020, e-commerce growth has grown between 20% - 110% MoM
Plant-based meat market expected to hit $27B+ demand by 2025

Management Team / Advisory Board Bios

Courtney Boyd Myers
Courtney Boyd Myers (CEO, CMO of AKUA) is an entrepreneur, environmentalist, and writer.

Matthew Lebo

Eve Palmer
Brand Manager

Carlson Giddings
Special Projects

Deal Notes

Discount: 20%

Amount Raised : $1,070,000
Reveal the Score by Voting
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

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.

Research Reports

No reports have been submitted

Become a Reporter