Otherworld

Otherworld

Plant-based baking mixes reimagined with hidden fruits and veggies

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Security Type
Crowd SAFE
Min Investment
$250
Location
NEW YORK, NY
Offering Date
September 21, 2022
Expected Close Date
February 10, 2023
Target Raise
$25.00K-$1.24M
No. Investors
43
Security Price
$1
Number of Employees
0
Cash
$394,665
Revenue
$72,260
Short Term Debt
$57,523
Cost of Goods
$29,928
Long Term Debt
$870,000
Net Income
$-282,189

Key Deal Facts

Plant-based baking mixes made with hidden fruits and vegetables
Climate-conscious brand tackling food waste through upcycled ingredients
$900K revenue run rate | 1.3M equity raised
~12K customers | ~99% 5-star reviews
Launched Gluten-Free & Blueberry in June 2022 & Brownies in September 2022
Recipes crafted by award-winning professional chefs
Planned expansion from online retail into grocery | $35Bn TAM

Perks

Reserve
$100
Receive
Invite to our annual investor meeting

Reserve
$250
Receive
Invite to our annual investor meeting
5% merchandise credit

Reserve
$500
Receive
Invite to our annual investor meeting
10% merchandise credit

Reserve
$1,000
Receive
Invite to our annual investor meetings
15% merchandise credit

Reserve
$2,200
Receive
Invite to our annual investor meeting
20% merchandise credit

Reserve
$5,000
Receive
Invite to our annual investor meeting
Quarterly updates from the founders
20% merchandise credit

Reserve
$10,000
Receive
Invite to our annual investor meeting
Quarterly updates from the founders
Early access to new products
Receive free Otherworld swag
20% merchandise credit

Reserve
$25,000
Receive
Invite to our annual investor meeting
Quarterly updates from the founders
Early access to new products
Receive free Otherworld swag
20% merchandise credit

Management Team / Advisory Board Bios

Jen Ballen
Co-Founder & CEO

Joe Magliano
Co-Founder & CPO
Amount Raised : $68,651
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Valuation

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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