AllIDoIsCook
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.
Investment Overview
Invested : $161,327
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/06/2022
- Close Date
- 10/16/2022
$100,000
$500,000
$100
Equity - Preferred
Early Stage
RegCF
$800.00
$8,000,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +41% YoY
- $573,200
- Monthly Burn
- Profitable
-
Cash on Hand
- $14,709
- Gross Margin
- 47%
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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 |