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SMART CUPS

Operating

Smart Cups, Inc.

Food & Beverage · Packaged Drink · Mission Viejo, CA · Founded 2023

Sustainable consumer packaged products by eliminating liquid through use of microencapsulation printing

Post-money valuation ⓘ
$59.9M
As of Jun 2024 · from Reg CF Offering (2024-06-18) · pre-money + amount raised, not a traded price
Total raised
$3,521,513
Crowd $3.1M · Private $430K · 8 rounds since 2023
Latest share price
$1.00
Reg CF · Common Stock · Apr 2026 offering price · down round

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$217K
−$2.7M
2021
$217K
−$2.7M
2022
$260K
−$2.4M
2023
$217K
−$1.5M
2024
$94K
−$1.1M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 unaudited
FY2022 unaudited
FY2023 unaudited
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$216,510
$216,510
$259,867
$217,414
$94,146
Cost of goods sold
$361,802
$361,802
$107,276
$93,947
$30,325
Gross margin
-67%
-67%
59%
57%
68%
Net income
-$2,700,479
-$2,700,479
-$2,440,557
-$1,512,345
-$1,123,323
Taxes paid
$11,754
$11,754
$35,624
$0
$0
Balance sheet
Cash
$90,920
$90,920
$142,913
$331,382
$10,311
Accounts receivable
$0
$0
$0
$0
$3,000
Total assets
$7,474,446
$7,474,446
$6,278,452
$6,945,348
$6,208,395
Short-term debt
$133,037
$133,037
$117,744
$54,928
$78,440
Long-term debt
$0
$0
$0
$0
$110,000
Total liabilities
$133,037
$133,037
$117,744
$54,928
$188,440
Other
Headcount
—
5
5
5
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

Pre-money — the valuation set before each round’s money came in
$10.7M
pre-money
$10.6M
pre-money
$57.8M
pre-money
$59.1M
pre-money
$20.8M
est. pre-money
Reg CF · Common · Jul 2023
Reg CF · Class A Common · Feb 2024
Reg CF · Preferred · Mar 2024
Reg CF · Common · Jun 2024
Reg CF · Common · Apr 2026

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$2.95$1.475$0.65
Jul 2023Apr 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Feb 2024 (-77.9%) · Apr 2026 (-66.1%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Apr 14, 2026
Class A Common Stock · 63.9%Class B Common Stock · 36.1%
ClassOutstandingVotes / shareShare of totalVotesLast price
Class A Common Stock13,271,882—63.9%26.1%$1.00Apr 2026
Class B Common Stock7,500,000536.1%73.9%—
Total20,771,882100%100%

Principal holders% as the filing states it, Feb 29, 2024

  • Chris Kanik95.0%of company
  • Darrell L. Knudson5%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · Common Stock · Apr 2026Closedvia Highlander (formerly PicMii)
Raised $27.3K / $618KEst. pre-money $20.8M
Raised $670.6K / $2.6MInvestors 698Post-money $59.9M
Raised $1.2M / $3.9MInvestors 1,302Post-money $59.4M
Raised $0 / $1.2MPost-money $10.6M
Raised $1.2M / $1.2MInvestors 1,043Post-money $11.9M

Team

5 people
Chris KanikFounder
Founder, CEO, Secretary, Treasurer, Director

Dynamic leader with unconventional 25+ years of wide experience in science research, consulting for CPG and Pharma companies, product development, formulation, product branding, launch strategies, and contract negotiation. Chris has extensive technical, chemical, and engineering experience since joining the Stevens Institute of Technology at age 12 and the Nutritional Sciences Department at Rutgers University at the age of 14. Chris currently devotes nearly all of his working hours towards Smart Cups and spends less than 2 hours per week working as Head of Science and Formulation for TR Processing.

Owen Jude Dolan II
Chief Operating Officer

Owen has 15+ years experience designing, implementing policies to promote company culture and vision. He has more than a decade of experience in the medical device industry. Owen has 1 patent granted, 2 patents pending.

Matt Bottomly
Intellectual Property Attorney

Matt Bottomly is a patent attorney based in Orange County and experienced in all aspects of intellectual property. He primarily focuses his practice on U.S. patent prosecution, focusing primarily on mechanical and electrical inventions. He has worked with a variety of technologies, including consumer electronics, semiconductors, telecommunications, RFID, fantasy sports, video games, streaming media, and augmented reality. Matt is heavily involved in the start-up community. Matt's previous experience includes working in an AmLaw 200 firm, working in-house at a consumer electronic company and an entertainment company, founding an IoT device start-up, and working as a patent examiner at the United States Patent and Trademark Office. Matt spends 5 to 10 hours a week on Smart Cups.

Jonathan Kotler
Director

Jonathan Kotler is a Senior Managing Director and General Counsel of Real Estate at Elion, is a member of its Senior Management Committee, and participates in the firm’s Asset Management Committee and Investment Committee. Jonathan is responsible for providing legal services to, and for the benefit of, Elion’s affiliated discretionary investments. Previously, Jonathan served as Deputy General Counsel at Empire State Realty Trust, where he served as the lead in-house attorney for all its real estate transactions. He has more than 13 years of commercial litigation and real estate law experience. Jonathan earned his Juris Doctor from Fordham University School of Law, his Master of Business Administration in Finance from Fordham University, and his Bachelor of Science in Economics from Cornell University.

Stuart Kotler
Director

Stuart has extensive experience serving as an accounting and business advisor to prominent real estate and construction companies as well as to family-owned and closely held businesses. Often representing clients as the key negotiator in complex transactions, Stu specializes in structuring, acquisitions, workouts, and tax planning. He has also been instrumental in the formation and operation of Real Estate Investment Trusts. Stu’s service approach focuses on dealing with the economic, business, and family issues impacting his clients. In this role, he assists clients with issues concerning the operations of their business from an economic and tax perspective, as well as with trust and estate and personal financial planning. Stu has also been involved with the Firm’s litigation support department and has qualified Berdon as an expert in New York State Supreme Court.

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

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 3 of 3 annual reports (FY2023–FY2025)

1,302 investors
holder-count proxy

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

  • Form C/AApr 28, 20260001982201-26-000005
    EDGAR
  • Form CApr 27, 20260001982201-26-000004
    EDGAR
  • Form C-ARApr 14, 20260001982201-26-000003
    EDGAR
  • Form C-AR/AApr 8, 20260001982201-26-000001
    EDGAR
  • Form C-UMay 2, 20250001665160-25-000980
    EDGAR
  • Form C-ARApr 8, 20250001665160-25-000534
    EDGAR
  • Form C/AJan 21, 20250001665160-25-000089
    EDGAR
  • Form C/AJan 17, 20250001665160-25-000088
    EDGAR
Source: ManualCIK 0001982201CAShare price $1.00

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.