Otherworld on Republic 2022 – KingsCrowd

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Reporting Date

12/13/2022

Probability of Max

Momentum

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Location

New York, New York

Trade

Meals, Beverage, & Eating places

Otherworld, with a valuation of $8 million, is elevating funds on Republic. The corporate makes plant-based baking mixes utilizing hidden vegetables and fruit. It’s a wholesome and vegan pancake and waffle combine model that accommodates upcycled superfoods, together with entire grains, fruits, and greens, with out sugar nuts, soy, dairy, or synthetic elements. Otherworld has over 12,000 clients with 99% 5-star evaluations and a $900,000 income run fee. Jen Ballen and Joe Magliano based Otherworld in January 2021. The present crowdfunding marketing campaign has a minimal goal of $50,000 and a most goal of $1.24 million. The marketing campaign proceeds will probably be used so as to add extra SKUs, develop, and develop.

Abstract Revenue and Loss Assertion

Income

$72,260

$0

COGS

$29,928

$0

Tax

$0

$0

 

 

Internet Revenue

$-282,189

$0

Abstract Steadiness Sheet

Money

$394,665

$0

Accounts Receivable

$393

$0

Whole Belongings

$646,274

$0

Brief-Time period Debt

$57,523

$0

Lengthy-Time period Debt

$870,000

$0

Whole Liabilities

$927,523

$0

Financials as of: 12/12/2022

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