Crowdonomics
WatchlistPortfolio
All companies
EVOLUTION NUTRITION logo

EVOLUTION NUTRITION

Operating

Evolution Nutrition, Inc.

Food & Beverage · Founded 2009

Visit website

Putting enjoyment into healthy eating

Valuation cap ⓘ
$19.0M
As of Feb 2024 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,250,000
Crowd $0 · Private $1.3M · 3 rounds since 2011

Financials

FY2021–FY2022 · from SEC filings · hover any figure for its source
$1.7M
−$19K
2021
$1.5M
−$776K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$1,745,197
$1,494,885
Cost of goods sold
$545,402
$618,060
Gross margin
69%
59%
Net income
-$19,486
-$775,720
Taxes paid
$0
$0
Balance sheet
Cash
$1,192,275
$246,506
Accounts receivable
$3,500
$5,500
Total assets
$1,988,522
$1,898,926
Short-term debt
$283,441
$603,117
Long-term debt
$1,000,000
$1,406,448
Total liabilities
$1,283,441
$2,009,565
Other
Headcount
—
5

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$19.0M
Valuation cap
Reg CF · Note · Nov 2023

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Nov 2023Withdrawnvia StartEngine
Raised $0 / $1.2MInvestors 18Valuation cap $19M
Rule 506(b) · Equity · Apr 2014Closed
Raised $1.1MInvestors 3
Reg D · Equity · Oct 2011Closed
Raised $150KInvestors 1

Team

3 people
Jeffery Hancock Boyes
CEO, Principal Accounting Officer, Director
Christopher Boyes
Director
Mike Fleury
Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not obligated

never closed a Reg CF raise

18 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UFeb 20, 20240001665160-24-000092
    EDGAR
  • Form C/ADec 4, 20230001665160-23-001966
    EDGAR
  • Form CNov 15, 20230001665160-23-001932
    EDGAR
  • Form D/AApr 23, 20150001534645-15-000001
    EDGAR
  • Form DMay 2, 20140001534645-14-000003
    EDGAR
  • Form DNov 10, 20110001534645-11-000001
    EDGAR
Source: ManualCIK 0001534645

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.