This company is no longer in business. Investors can get details about any potential exits or failures here.

Basil Street Cafe

Basil Street Cafe

Growth Stage

Robotic automated pizza kitchens

Robotic automated pizza kitchens

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

09/29/2021

Close Date

Not Provided

Min. Goal
$1,000,000
Max. Goal
$20,000,000
Min. Investment

$998

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$2.82

Pre-Money Valuation

$40,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

01/12/2022

% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Palo Alto, California

Business Type

Growth

Basil Street Cafe, with a valuation of $40 million, is raising funds on SeedInvest through Reg A+ crowdfunding. The company has developed an automated robotic pizza kitchen that makes delicious and affordable pizza in under three minutes. The technology is patented and aims to disrupt the global pizza market. Basil Street Cafe has completed an initial pilot program at multiple locations across the US and targets deployment in the field by fall 2021. Deglin Kenealy founded Basil Street Cafe in 2016. The current crowdfunding campaign has a minimum target of $1,000,000 and a maximum target of $20,000,000. The campaign proceeds will be used for product development, engineering, commercialization, personnel expenses, and repayment of debt.

Balance Sheet

Cash and Cash Equivalents

$1,987,028

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$1,465,151

Property and Equipment

$0

Total Assets

$4,549,272

Accounts Payable & Accrued Liabilities

$150,929

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$3,088,609

Total Liabilities

$3,260,128

Total Stockholders' Equity

$1,289,144

Total Liabilities and Equity

$4,549,272

Statement of Comprehensive Income Information

Total Revenues

$35,961

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$21,212

Total Interest Expenses

$0

Depreciation and Amortization

$130,605

Net Income

$-3,145,376

Earnings Per Share - Basic

$-1.41

Earnings Per Share - Diluted

$-1.41

Auditor: Baker Tilly US, LLP
Financials as of: 09/29/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Basil Street Cafe 01/12/2022 SeedInvest $40,000,000 $0 Equity - Preferred Not Funded RegA+
Basil Street Cafe 09/29/2021 SeedInvest $40,000,000 $824,406 Equity - Preferred Funded Test the Waters / RegA+
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Price per Share History

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

Valuation History

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.

Employee History

Funding data not publicly available

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Basil Street Cafe on SeedInvest 2021
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $40,000,000
Price per Share: $2.82

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