Kencko Foods

Real fruits and vegetables, faster | Sustainable, convenient, and delicious

Security Type: Crowd SAFE
Min Investment: $150
Location: LEWES, DE
Offering Date: March 10, 2023
Expected Close Date: April 28, 2023
Target Raise: $25.00K-$1.24M
No. Investors: 219
Security Price: $1
Website: kencko.com

Number of Employees: 105
Cash: $2,583,395
Revenue: $23,847,240
Short Term Debt: $4,978,960
Cost of Goods: $19,496,810
Long Term Debt: $1,778,387
Net Income: $9,932,624

Company Description

Using advanced food technology, we are creating a growing portfolio of on-the-go plant-based products designed for maximum nutrition, minimum waste. We make reaching for nutritious, real fruits and vegetables just as easy as opening a bag of potato chips or grabbing a soda from the vending machine.

Perks

19 reservations
Reserve
$250
Receive
mystery kencko gift
15% off your first and second kencko box when you become a member
Limited (131 left of 150)

7 reservations
Reserve
$500
Receive
mystery kencko gift
20% off your first three months of kencko
Limited (143 left of 150)

2 reservations
Reserve
$1,000
Receive
exclusive kencko gift
20% off for six months of kencko
private friends and family discount code for 15% off for the first 6 months
Limited (98 left of 100)

1 reservation
Reserve
$2,500
Receive
exclusive kencko gift
20% off for 12 months of kencko
free gumdrop subscription for 3 months
early notification of new flavors (prior to public launch)
Limited (99 left of 100)

Reserve
$7,500
Receive
super exclusive kencko gift
20% off for 12 months of kencko
free gumdrop subscription for 3 months
early notification of new flavors (prior to public launch)
invitation to join our product tasting panel
Limited (50 left of 50)

Reserve
$15,000
Receive
super exclusive kencko gift
30% off for 6 months on all product subscriptions
early notification of new flavors
invitation to join our product tasting panel
customize your own personal smoothie flavor
Limited (25 left of 25)

Reserve
$25,000
Receive
exclusive kencko mega goodie bag
30% lifetime Investor discount on all products
early access to new flavors
customize your own personal smoothie flavor
join our new product tasting panel
vote on our next public flavor launch
exclusive invitation to Meet Our Founder video call
Limited (10 left of 10)

Key Deal Facts

$31M gross revenue in 2022 ($67M all-time gross revenue)
Average Order Value up 13% and Gross Margin up 16.8 pp year-on-year
3.1 ROAS in FY 2022
$25M + in VC funding since launch
Exclusive partnership with major US retailer launching H1 2023
Growing portfolio of delicious, convenient smoothies, meals and snacks
Significant domestic & international growth opportunities

Perks

Management Team / Advisory Board Bios

Mike Erickson
Chief Financial Officer

Kelly Deen
Chief Commercial Officer

Monz Fiorentini
Chief People Officer

Lucy Greeves
VP of Brand

Rui Castro
VP of Supply Chain

Michele Frenkel
Director of Product

João Amaral
Director of Social and Environmental Responsibility

Pedro Conceiçao
Director of Growth

Mallory Frazier-Gonzales
Head of Nutrition and Research

Amount Raised : $123,023

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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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