Test the Waters

Amai

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

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Security Type
CAFES
Categories
Technology, Food and Bev, Sustainability, Female Founder
Min Investment
$100
Location
Carlsbad CA, CA
Amount Raised
$306,900
Website
amai.earth

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.

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.

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