Africa Eats

Africa Eats

Early Stage

For-profit solutions to hunger and poverty in Africa

For-profit solutions to hunger and poverty in Africa

Overview

Raised this Round: Raised: $17,361

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/24/2024

Close Date

10/25/2024

Min. Goal
$50,002
Max. Goal
$124,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$1,704,157

Year Founded

2021

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Location

Bainbridge Island, Washington

Business Type

Growth

Africa Eats, with a valuation of $1.7 million, is raising funds on Wefunder. It is a for-profit organization tackling hunger and poverty in Africa. Africa Eats platform has 21 vetted and trained companies across eight countries 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 $36 million in 2023, growing by more than 50% per year over the past decade. Luni Libes and Jumaane Tafawa founded Africa Eats in November 2021. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $123,999. The campaign proceeds will be used to help three companies list on the stock market.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-45

$-9,984

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,438

$72,771

Accounts Receivable

$0

$0

Total Assets

$630,538

$599,871

Short-Term Debt

$13,467

$82,755

Long-Term Debt

$0

$0

Total Liabilities

$13,467

$82,755

Financials as of: 06/24/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Africa Eats 10/24/2024 Wefunder $1,704,157 $17,361 Equity - Preferred Active RegCF
Africa Eats 03/21/2022 Wefunder $300,000 $127,100 Equity - Preferred Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Africa Eats on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $1,704,157
Price per Share: $2.25

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