Baby Vend

Baby Vend

Early Stage

Changing the way families travel by providing the supplies they need on the go

Changing the way families travel by providing the supplies they need on the go

Overview

Raised this Round: Raised: $114,035

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/17/2022

Close Date

11/15/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,160,000

Discount

20%

Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Anchorage, Alaska

Business Type

Growth

Baby Vend, with a valuation of $2.16 million, is raising funds on Wefunder. The company has established vending machines to make baby supplies available on the go. The vending machines of Baby Vend will provide customized baby products to all the traveling families and will lead to economic opportunities for people who want to run their own machines in the community. Baby Vend is located in four travel industry locations and has a strong web presence. Jasmin Smith founded Baby Vend in March 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for new product packaging, warehouse and logistics expansion, hiring, and setting up four new machines.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$410,649

$38,748

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$83,538

$3,157

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$36,015

$263,992

Accounts Receivable

$0

$0

Total Assets

$355,983

$332,388

Short-Term Debt

$132,274

$14,298

Long-Term Debt

$0

$0

Total Liabilities

$132,274

$14,298

Financials as of: 07/17/2022
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Baby Vend on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $2,160,000

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