Amai

Amai

Patent-pending, single-use alternative:
edible, compostable cups

Print
Claim My Business
Security Type
CAFES
Categories
Technology, Sustainability, Financial Services, Food & Bev
Min Investment
$100
Location
Vista, CA
Expected Close Date
April 30, 2023
Target Raise
$200.00K-$1.00M
No. Investors
129
Security Price
$1
Website
amai.earth
Number of Employees
2
Cash
$25,576
Revenue
$4,385
Short Term Debt
$75,051
Cost of Goods
$6,816
Long Term Debt
$0
Net Income
$-14,915

Key Deal Facts

U.S. single-use cup market is $4.2B. Amai's alternative is well-timed to compete in this space.
Theme park, travel, service partnerships in place to grow to $44.7M by 2027, 5 year CAGR 79.8% (not guaranteed).
Presence in 14 states servicing a variety of applications. 2022-2023 capacity already SOLD OUT!
First-to-market upcycled, made in the U.S. edible cup. Profitable by 2024 with $4.5M EBIT (not guaranteed).
Operational and executive experience across many disciplines at Panasonic, Nike, Fox, Activision.
Team has proven track record successfully scaling CPG from R&D phase to volume production.
Advisory board rounds out our team by bringing agricultural research and food production expertise
We aim to keep 285M single-use cups out of landfill and prevent >4,800 tons of food waste by 2027.

Management Team / Advisory Board Bios

Jeannine Davison Founder/CEOFormer GM & VP of Operations at Panasonic Hollywood Labs, Jeannine has over 30 years experience in product development through high-volume manufacturing., Laura Hoegler Supply Chain & DistributionOver 20 years leading global supply chains as VP for Activision's Guitar Hero, Nike, Meta's Oculus/Portal, and COO for Farmgirl Flowers, Laura is an expert in program management with ten-year focus on sustainability., Joan Knowlan Midwest Liaison & FundraisingOur first angel! Joan is a results-driven fundraiser for both non-profit and for-profit sectors. Former account manager at Sysco Foods and EcoLab. Experienced trade show and events project manager., Sue Marshall Advisory Board Founder & CEO, NETZRO.
Sue is a pioneer in the Upcycled Food movement and co-founder of the Upcycled Food Association., Deanna Smith Advisory BoardPresident & Founder of Gluten Not Included Inc.
Deanna’s Gluten-Free Bakery is one of the largest in the U.S. Her impressive list of wholesale accounts includes theme parks and major grocery store chains. Expert industrial-scale baking knowledge., Sandra Cavender Brand Strategy & DesignSandra is a seasoned advertising professional with experience developing impactful visual assets and packaging design for eco-lifestyle and nutrition-focused brands. She holds degrees in Marketing and Holistic Nutrition., Sven Davison Co-Founder/COOSven has 25 years of operational and marketing experience. Former VP at Twentieth Century Fox and Sony, Sven brings over two decades of experience in new product development, applications engineering, and go-to market strategizing., Peter Kordell Advisory BoardPeter Kordell founded the Coachella Valley Innovative Research Institute, a non-profit agricultural center focusing on the cultivation of the Kenaf fiber plant in Southern California. He is a 42-year veteran of the agricultural commodity industry., Marcy Natkin Advisory BoardDisney Corporate Social Responsibility Programs Manager.
Marcy leads Disney's initiative to promote healthy lifestyles to kids and families via inspiring content, experiences, products, and philanthropy., Gary Gwizdala Advisory BoardCEO, Dimensional Services.
Gary is a Senior Executive with 40 years experience in sales, marketing, and organizational development in companies ranging from start-ups to Fortune 500.
Amount Raised : $379,119
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.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments