Best Food Trucks

Best Food Trucks

Early Stage

Best Food Trucks is the marketplace for mobile vending. We connect local shoppers and venues with a continuous stream of mobile vendors in their area.

Best Food Trucks is the marketplace for mobile vending. We connect local shoppers and venues with a continuous stream of mobile vendors in their area.

Overview

Raised to Date: Raised: $49,888

Total Commitments ($USD)

Platform

Microventures

Start Date

10/20/2017

Close Date

12/22/2017

Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/31/2017

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$792

# of Investors

171

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

EnterpriseTech

Location

Marina Del Rey, California

From pun-worthy names to drool-worthy foods, food trucks are the new wave of nitsche dining, and their success is sizzling. What’s not so hot though is how hard it can be to find the trucks, or waiting in line when you finally locate it. Sometimes it feels like ordering from a food truck is more of a harried hassle than a delicious delight.

And that’s where Best Food Trucks (BFT) is here to help! BFT is an all-in-one platform for both food truck owners and food truck customers. It helps owners manage lot bookings and regulatory filings, book events, and stay connected to their followers. For customers, it helps locate their favorite trucks in advance, pre-order their meal, and skip the line upon pick-up. It’s a one stop food truck shop.

Food trucks drove onto the foodie scene in 2008, and from Asian-fusion to tapas and tacos, they’ve been cooking strong. In 2015, there were over 4,000 food trucks active in the U.S., with an industry value of $856.7 million. Estimates put 2020’s revenue closer to $996 million. Add in food trucks’ popularity, with the fact that starting a food truck costs a fraction of what starting a restaurant does, and you realize those numbers will just keep growing.

Co-founders Kevin Davis and Matt Geller certainly know their startup and food truck stuff, too. Kevin previously founded Geekatoo, which was acquired for $20 million in 2016, and Matt is the Founding President of the National Food Truck Association. So far, they have 750 trucks utilizing BFT monthly, as well as mobile food vending associations in Philly, Atlanta, Houston, Dallas, and New Jersey committed to pushing the BFT platform to their members. Their revenue plan is based on customer and vendor subscriptions, and they expect to capture roughly $7,000/month in recurring revenue.

The bottom line is that BFT just might be the best future for best food truck dining. They’re working to keep it easy for you to have (and sell) your food truck cake - and eat it too.

“Who Should Be Interested in this Offering”
Have you ever craved that elusive grilled cheese food truck but couldn’t find it? Or, do you own a food truck and have a headache from juggling all the logistics? Well then, my foodie friends, Best Food Trucks is the investment you’ve been hankering after. From making it easy to find and order that special grilled cheese, to simplifying how and where you can sell it, investing in BFT will make your meals continue to burst with flavor....while helping your bank account burst with profit.
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Best Food Trucks 12/13/2023 StartEngine $40,125,000 $219,081 Equity - Common Active RegCF
Best Food Trucks 12/22/2017 Microventures $2,500,000 $49,888 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Best Food Trucks on Microventures
Platform: Microventures
Security Type: SAFE
Valuation: $2,500,000

Follow company

Follow Best Food Trucks on Microventures

Buy Best Food Trucks's Deal Report

Warning: according to the close date for this deal, Best Food Trucks may no longer be accepting investments.

Best Food Trucks Deal Report

Get KingsCrowd’s comprehensive report on Best Food Trucks including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Best Food Trucks is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Best Food Trucks deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge