Africa Eats

Early Stage

For-profit solutions to hunger and poverty in Africa

Analytics

Raised to Date: Raised: $127,100

Aggregate Commitments $

Platform

Wefunder

Start Date

01/24/2022

Close Date

03/22/2022

Min. Goal

$100,000

Max. Goal

$200,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$1.00

Pre-Money Valuation

$300,000

Rolling Commitments $

Status
Funded
Reporting Date

03/31/2022

Days Remaining
Funded
% of Min. Goal

127%

% of Max. Goal

64%

Likelihood of Max
Funded
Avg. Daily Raise

$2,230

Momentum
Funded
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Location

Bainbridge Island, Washington

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Africa Eats, with a valuation of $300,000, is raising funds on Wefunder. It is a for-profit organization tackling hunger and poverty in Africa. Africa Eats platform has 27 vetted and trained companies that are processors, aggregators, and distributors of food and help provide food and food-related services to the poor in Africa. The portfolio companies of Africa Eats generated aggregate revenues of $9.8 million in 2020, up 61% year-over-year since 2014. Luni Libes and Jumaane Tafawa founded Africa Eats in November 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $200,000. The campaign proceeds will be used for creating shared savings and insurance services and purchasing solar, trucks, and other equipment needed by the company.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/24/2022
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Africa Eats on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $300,000

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