AllIDoIsCook

AllIDoIsCook

Closed: Oct. 2022

About this raise

AllIDoIsCook, with a valuation of $8 million, is raising funds on Wefunder. The business makes and delivers high-quality food with authentic African flavor. The company aims to make African food accessible ad provide a range of top-quality, affordable, and ready-to-eat African food products. AllIDoIsCook has cooked and delivered 26,000 meals since 2019 and generated $1.5 million in revenue. The business sells through its website and grocery stores and has products listed in Phonecia Specialty Foods in Houston, Texas. Tobi Smith and Bethany Oyefeso founded AllIDoIsCook in January 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used for production, branding, marketing, distribution, and operations.

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Investment Overview

Invested this round: $161,327

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/06/2022
Close Date
10/16/2022
Min. Goal
$100,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$800.00

Pre-Money Valuation

$8,000,000

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Houston, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Tobi Smith
Title
CEO
Founder Name
Bethany Oyefeso
Title
Lead, Operations

Financials

 Revenue +41% YoY
$573,200
 Monthly Burn
Profitable
 Cash on Hand
$14,709
 Gross Margin
47%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$573,200

$407,058

COGS

$301,508

$198,780

Tax

$0

$0

 

 

Net Income

$897

$19,581

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,709

$5,851

Accounts Receivable

$-1,305

$0

Total Assets

$78,885

$14,238

Short-Term Debt

$104,043

$24,500

Long-Term Debt

$0

$0

Total Liabilities

$104,043

$24,500

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/16/2022 Wefunder $8,000,000 $161,327 Equity - Preferred Funded RegCF
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Add to portfolio
AllIDoIsCook on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,000,000
Price per Share: $800.00

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