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Mealthy raises $1.07M from the crowd via Republic

With 61 hours left, Mealthy reaches their maximum goal allowed by the SEC for equity crowdfunding of $1.07M from 4,440 investors.

Mealthy manufactures and sells small kitchen appliances that are supported by technology to prepare simple home-cooked meals. The appliances and apps of Mealthy help consumers in planning, shopping, preparing, and cooking delicious meals. Mealthy was founded by Bernardo de la Vega in August.

Mealthy MultiPot is the #2 selling multi-functional pressure cooker brand on Amazon. The company's newest product innovation, The Mealthy CripsLid, was just released and sold out on Amazon Prime Day's first day.

Mealthy makes home cooking easy by providing the tools to plan, shop, prepare, and cook delicious home-cooked meals with Mealthy appliances, apps, and strategic integrations. These tools encourage and provide meaningful change in the lives of our customers, enabling them to eat and live better and find balance and increased efficiency in today's busy lives.

The current crowdfunding round blew past its minimum target of $25,000, and raised $1,070,000 from 4,440 investors. Investments in Mealthy will be used for new product inventory, product development, and building brand awareness through influencer partnerships, advertising, and SEO. Mealthy reported revenues of $6.3 million in its first year of sales in 2018. Mealthy will be sold in more than 10 different countries by the end of this month, including the US, Canada, UK, Europe, India, South Africa, Mexico, and Chile.

Experienced management team includes the founder of Radha Beauty and former executives from Midea, AllRecipes.com, and Instant Pot.

Key Takeaways
  • Mealthy raises $1.07M via equity crowdfunding on Republic
  • Mealthy's CrispLid sells out on Amazon Prime Day's first day.
  • $6.3 million revenue in 2018, Mealthy's first year of sales.
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Newest product launch, the CrispLid! — Mealthy
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Related Bios
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Bernardo de la Vega
Founder and CEO
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Contacts
Bernardo de la Vega
bernardo@mealthy.com
917-993-0392
Founder and CEO