Basil Street Cafe

Basil Street Cafe


About this raise: 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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
SeedInvest
Start Date
09/30/2021
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Deglin Kenealy
Title
CEO

Funding data not publicly available

Financials

 Revenue
$35,961
 Monthly Burn
$262,115
 Runway
7.6 months

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
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/13/2022 SeedInvest $40,000,000 $0 Equity - Preferred Not Funded RegA+
09/30/2021 SeedInvest $40,000,000 $824,406 Equity - Preferred Funded Test the Waters / RegA+
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Growth Charts

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
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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Warning: according to the close date for this deal, Basil Street Cafe may no longer be accepting investments.

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