Karma Baker
Eat.Good.Karma.
Westlake Village, CA
Food & Beverage
Karma Baker is revolutionizing your favorite dessert. Our Enlightened Baking is 100% plant-based, 100% gluten-free, 100% healthy for you and the planet too. Our mouth-watering cookies, cakes and pies taste as good as they look. And as a result, our sales have soared in the past two years and not just from those seeking vegan and gluten free options. We specialize in creating rich and satisfying desserts. We spent years creating our own butter and egg substitutes when there weren’t many choices in the marketplace. Now we wow eaters with a surprising taste and texture, just like the “real thing”. And we help the planet by reducing the impact animal-based products have on our climate. We are catapulting forward where other dessert brands left off, giving you your favorite desserts without the ingredients that drag you, and our planet, down. Karma Baker is the future of dessert now; We invite you to take a seat at the table as we bring Enlightened Baking to every home.
$154,556
raised
126
Investors
$6M
Valuation
$5.00
Price per Share
$500.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
0
Days Left
This offering ended on July 30, 2022 and is no longer accepting investments.
Reasons to Invest
- Good karma is baked in: Karma Baker is changing the face of dessert by proving that the demand for plant-based and gluten-free desserts is insatiable. These desserts are so good and healthy even people that are not necessarily looking for vegan or gluten-free are choosing Karma Baker.
- The sky's the limit: The market for plant based foods is skyrocketing, expecting to reach $162 billion within the decade according to a report by Bloomberg Intelligence. More than 50% of millennials are trying to incorporate plant-based and unprocessed foods into their diet. We are making it easy (and delicious) for them.
- Meeting the Moment. The pandemic has forever changed how people get the food they want. Our online sales have organically increased on average 160% each year since 2018. With an ever-increasing army of thousands of loyal and enthusiastic customers over the entire US and a large growing social following (41k+ Instagram followers) and great reviews across the board (4.5+ stars).
Overview
A fresh approach to baked goods
Karma Baker is revolutionizing your favorite dessert by delivering fresh and healthy desserts, consciously and sustainably. We make the desserts you love without the ingredients that drag you – and our planet – down. Our vegan and gluten free tasty treats are made in our conscious and loving bakeries around North America. Our goal is to not only be the best plant-based dessert you’ve ever had, but to be THE BEST dessert you’ve ever had, with locations in macro population centers and quick and easy delivery to everyone in the comfort of their homes. We strongly believe that we can make the world a better place with the best plant-based enlightened food. Eat. Good. Karma.
the problem
The demand for healthy, plant-based and gluten-free food is exploding, but when it comes to dessert, most taste like a cardboard substitute for what you really want
There’s a reason people think healthy, vegan and gluten-free (GF) food is boring. They’ve probably had a bad experience because someone just left out the butter and eggs on their chocolate cupcake recipe, and in the name of health replaced it with something green.
Blech.
We specialize in creating rich and satisfying desserts. Creating our own butter and egg substitutes when there weren’t many choices in the marketplace. We wow eaters with a surprising taste and texture, just like the “real thing”. No one misses the animal-based ingredients and they are happier because of that.
For health reasons many people need to adopt a healthier, plant-based and GF diet or lifestyle and don't live near a vegan bakery. Many don’t have the time to source or create their own plant-based and GF goodies in a world still accustomed to rudimentary baking and cooking ingredients.
More and more Doctors are recognizing and prescribing the health benefits of a plant-based diet.
The Market
Plant-based foods are the new normal
The biggest food trend growing in 2020 so far is the desire for more plant-based foods! Plant-based foods continue to win over America’s stomachs and wallets with 57 percent of all U.S. households purchased plant-based foods (that's over 71 million households)- up from 53 percent in 2019. Current data tells us unequivocally that an ever-growing number of consumers are incorporating plant-based foods into their diet because they taste good and boost their health. The U.S. retail for plant-based in 2020 grew 27 percent bringing the total plant-based market value to $7 billion.
Additionally, an estimated 83% of Americans are reportedly trying to incorporate more plant-based foods into their diets.
While the plant based industry is focused on burger joints and alternative milks, we are giving people what they love – with a cherry on top.
Karma Baker is happy to be mirroring this trend as we experienced our fastest and largest growth in online sales in 2020 when we then doubled the size of our physical bakery.
THE solution
We are saving the planet, your sweet tooth, and your soul's karma
We have created 100% vegan, gluten-free, kosher, and sustainable (100% dairy, egg, and animal-free) desserts that are both delicious and ethically sourced. We are catapulting forward where other dessert brands left off with the best plant-based ingredients available. We offer the dessert you love (without the ingredients you don’t): cookies, donuts, holiday treats like pies and gingerbread houses, and of course birthday cakes.
Our founder and head baker, Celine, created Karma Baker so that people around the world could have access to guilt-free great-tasting desserts. We’ve also perfected our safe, sustainable packaging and delivery process, so that every dessert that gets sent out arrives just as fresh as it was at the bakery, undamaged.
*This testimonial may not be representative of the experience of other customers and is not a guarantee of future performance or success.
Karma Baker is an online direct-to-consumer business. We sell freshly baked goods at www.KarmaBaker.com and deliver them via FedEx to our customers in all 50 states (with Canada on the horizon). We bake fresh-to-order and ship our desserts frozen. Right now, we’re able to bake and ship all orders within 36 hours after an order is placed. Transit times are between 1-3 days.
why invest
We love baking and we believe in being amazing
We believe that the quality and dedication that goes into making our products is what sets us apart from other bakeries. With investment we plan to:
- Open 3 more satellite bakeries in major U.S. cities that are centrally located with high demand for vegan desserts (i.e. New York, Chicago, and Austin) to reduce delivery costs and transit times while increasing visibility and local to-go sales
- Expand online presence and delivery to Canada and Mexico
- Grow to over 1 million customers served
Help us maintain a happy society by pioneering a healthy and sustainable dessert delivery service. We believe this is where the future of food is headed!
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Offering Summary
Company | : | Karma Baker, Inc. |
Corporate Address | : | 1145 Lindero Canyon Rd. , Westlake Village, CA 91362 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,000,000.00 |
Minimum Investment Amount(per investor) | : | $500.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 2,000 |
Maximum Number of Shares Offered | : | 200,000 |
Price per Share | : | $5.00 |
Pre-Money Valuation | : | $6,000,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Tier 1 - $500+ = $50 Karma Kard
Tier 2 - $1000+ = $100 Karma Kard + "Eat Good Karma" Sweatshirt
Tier 3 - $2500+ = $250 Karma Kard + "Eat Good Karma" Sweatshirt
Tier 4 - $10,000+ = 25% off entire site for 1 year + "Eat Good Karma" Sweatshirt
The 10% StartEngine Owners’ Bonus
Karma Baker, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $5.00 per share, you will receive and own 110 shares of Common Stock for $500. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single Bonus Shares bonus, which will be the highest bonus rate they are eligible for.
*All perks occur when the offering is completed.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$324,113.00
USD
$166,450.00
USD
Cash And Cash Equivalents
$220,500.00
USD
$32,878.00
USD
Accounts Receivable
$40,141.00
USD
$61,258.00
USD
Short Term Debt
$119,901.00
USD
$80,875.00
USD
Long Term Debt
$587,092.00
USD
$257,307.00
USD
Revenues And Sales
$1,293,998.00
USD
$900,886.00
USD
Costs Of Goods Sold
$896,138.00
USD
$729,468.00
USD
Taxes Paid
$0.00
USD
$800.00
USD
Net Income
-$192,319.00
USD
-$116,799.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Last Chance to Invest!
21 days ago
Hello Karma Baker Community!
The Karma Baker team is overwhelmed with joy at the support we’ve received on our crowdfunding journey! With that being said, this is your final chance to invest before our equity crowdfunding raise on StartEngine closes!
Spread the word to your network about joining our investor community today! (Before time runs out to become a part of a billion dollar market).
Why should you invest?
We have plans to open 3 more satellite bakeries in major U.S. cities.
The skyrocketing plant-based food market is expected to reach $162B within the decade.
Our online sales have organically increased an average of 160% each year since 2018.
Helping the planet by reducing the impact animal-based products have on our climate.
Nationwide shipping: Our vegan, gluten-free, and baked fresh-to-order desserts are shipped frozen to maintain freshness.
The Karma Baker team would love to make you a valued addition to our investor community!
Warmly,
Arek Reeder
StartEngine Campaign Closing in a Few Days!
24 days ago
Hello Karma Baker Community! 👋
The Karma Baker team is overwhelmed with joy at the support we’ve received on our crowdfunding journey! With that being said, we only have a few days left before our equity crowdfunding raise on StartEngine closes!
Spread the word to your network about joining our investor community today! (Before time runs out to become a part of a billion dollar market).
Why should you invest?
We have plans to open 3 more satellite bakeries in major U.S. cities.
The skyrocketing plant-based food market is expected to reach $162B within the decade.
Our online sales have organically increased an average of 160% each year since 2018.
Helping the planet by reducing the impact animal-based products have on our climate.
Nationwide shipping: Our vegan, gluten-free, and baked fresh-to-order desserts are shipped frozen to maintain freshness.
The Karma Baker team would love to make you a valued addition to our investor community!
Warmly,
Arek Reeder
Campaign Closing Soon!
27 days ago
Hello Karma Baker Community!
Our equity crowdfunding raise on StartEngine is closing soon!
Spread the word to your network about joining our investor community today! (Before time runs out to become a part of a billion dollar market).
Why should you invest?
We have plans to open 3 more satellite bakeries in major U.S. cities.
The skyrocketing plant-based food market is expected to reach $162B within the decade.
Our online sales have organically increased an average of 160% each year since 2018.
Helping the planet by reducing the impact animal-based products have on our climate.
Nationwide shipping: Our vegan, gluten-free, and baked fresh-to-order desserts are shipped frozen to maintain freshness.
The Karma Baker team would love to have you as an addition to the investor community, and tag along for an exciting business journey!
Warmly,
Arek Reeder
Meet The Team That Made It Happen!
30 days ago
Hello Karma Baker Community! 👋
Karma Baker’s delectable treats are baked in the flames of true passion and ambition. We wanted to take a moment to highlight the talented duo that’s bringing you delicious, rich, 100% vegan and gluten-free desserts!
Arek Reeder: Founder, CEO & CFO
Arek's lifelong vegetarian lifestyle has played a huge role in cultivating the perfect skills needed as our CGO. (Chief Generator Officer).
His vision is expansive. We’re not stopping with a single storefront, because Karma Baker is meant for bigger things! His profound experience in art and online sales will help achieve exactly that!
Arek is a team player, and he possesses indomitable charisma: no matter how you meet him, you're sure to love him! Leading a talented team of bakers is his dream job. So we think it's safe to say Karma Baker holds a special place in his heart!
Celine Ikeler: Founder, President, CMO, Chief Products Officer, Chairman of the Board & Secretary
Celine Ikeler is the original Karma Baker. Her creative know-how runs deep. Her vision was to create an abundance of dessert options for people with food restrictions, such as herself.
This led her to create a far superior gluten-free flour blend than anything else on the market! She did thorough research, digging deep into the alternative food world. Her success has seen her become an absolute rockstar in the vegan community!
She's created butter and egg substitutes before there were any on the market - which resulted in a far superior vegan GF baked good than anyone had ever experienced.
Be sure to spread the word to your friends, family, and network about our healthy (and delicious) investment opportunity on StartEngine!
Warmly,
The Karma Baker Team
Karma Baker: What We Plan to Do!
about 1 month ago
Hello, Karma Baker Community!
Currently, we have one establishment located in Los Angeles, California! However, with the ever growing help of our investor community Karma Baker will have the means to open more!
We envision three more bakeries to open in major U.S cities such as New York, Chicago, and Austin. By increasing visibility and local to-go sales, we can reduce the cost of delivery and transit times!
Online Presence:
Karma Baker has plans to expand in more ways than one! Our online presence is just as important as our physical. Which is why we’re looking into bringing Canada and Mexico Karma Baker treats via delivery!
With our determination to achieve these huge aspirations, we’re confident we’ll grow to over 1 million customers served!
Please spread the word about this investment opportunity to your friends, family and network.
Warmly,
Arek Reeder
We Were Featured In Disruptors Magazine!
about 2 months ago
The Karma Baker team is excited to announce that Celine Ikeler was recently featured in Disruptors magazine’s “Top 30 Unstoppable Women Entrepreneurs of 2022!” Celine was inspired to change the food world: to create desserts *everyone* could eat. The idea of Karma Baker came about when the little girl that lived next door to Celine could not eat any of the desserts at her own birthday party. She realized that there was a need for healthy desserts that worked for everyone’s unique dietary needs. Karma Baker desserts are not only healthy, but good for you and good for the planet. Our desserts are plant based, gluten-free, and vegan! What’s next for Karma Baker? Our goal is to have stores nationwide and cloud bakeries to satisfy everyone's sweet tooth. Read the entire article here to learn more about Celine. There is also still time to invest and become a Karma Baker yourself!
Warmly,
Arek Reeder
Campaign Closing Soon!
about 2 months ago
Hello Karma Baker Community!
Unfortunately, all great things must come to an end. Our equity crowdfunding raise on StartEngine will come to an end in less than a month!
Spread the word to your network about joining our investor community today! (Before time runs out to become a part of a billion dollar market).
Why should you invest?
We have plans to open 3 more satellite bakeries in major U.S. cities.
The skyrocketing plant-based food market is expected to reach $162B within the decade.
Our online sales have organically increased an average of 160% each year since 2018.
Helping the planet by reducing the impact animal-based products have on our climate.
Nationwide shipping: Our vegan, gluten-free, and baked fresh-to-order desserts are shipped frozen to maintain freshness.
The Karma Baker team would love to have you as an addition to the investor community, and tag along for an exciting business journey!
Warmly,
Arek Reeder
Watch our recent Q&A webinar!
about 2 months ago
We recently held an exclusive Q&A webinar to answer your questions pertaining to our equity crowdfunding campaign! Our goal is to take away the stigma people have around vegan and gluten free desserts. Our delectable treats are plant-based, gluten-free, kosher, sustainable, organic, and can be shipped anywhere in the USA. We increased online sales on average by 160% every year since we first started shipping nationwide, with over half our revenue from returning customers.
We believe we have a product and a brand that people can really feel good about. Get on board and become a Karma Baker, and an investor!
Watch our webinar recap to learn more about Karma Baker and our team.
Help us lead the $2.7 billion global plant-based dessert market and become a Karma Baker investor today.
Warmly,
The Karma Baker Team
Celebrating $100K Investments!
about 2 months ago
Hello Karma Baker Community!
Commence the celebration! We have officially reached $100K in committed investments!
We're energizing plant-based foods with our 100% gluten-free, plant-based desserts - that taste like the real thing!
Why Invest?
We have plans to open 3 more satellite bakeries in major U.S. cities.
The skyrocketing plant-based food market is expected to reach $162B within the decade.
Our online sales have organically increased an average of 160% each year since 2018.
Helping the planet by reducing the impact animal-based products have on our climate.
Nationwide shipping: Our vegan, gluten-free, and baked fresh-to-order desserts are shipped frozen to maintain freshness.
Invest in our rich and delish, 100% vegan, gluten-free treats today!
Warmly,
Arek Reeder
Notice of Material Change in Offering
about 2 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Karma Baker offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign end date.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
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