Boseco
Early Stage
Coffee "Uber" for Starbucks Lovers with Mobile E-bike Coffee Shops
Overview
Raised: $583,162
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/09/2022
Close Date
08/26/2022
Min. Goal
$150,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$7,000,000
Valuation Cap
$9,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,558
# of Investors
301
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Boseco, with a valuation of $9 million, is raising funds on Wefunder. The company has ‘uberized’ the coffee market and allows people to receive a delicious cup of coffee within minutes from any location in their city. The business model of Boseco plans to revolutionize the coffee shop model by using its fast and agile electric mobile baristas and excellent-tasting coffee. Boseco has generated $600,000 in total revenue and reported a 1,100% revenue growth in the past two years. Kostyantyn Yun, Constantine Yun Jr., and Serge Adamyan founded Boseco in July 2021. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1,070,000. The campaign proceeds will be used for research and development, payroll, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$150,916 |
$51,269 |
|
COGS |
$43,960 |
$14,890 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-410,902 |
$-142,591 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$244 |
$10,754 |
|
Accounts Receivable |
$1,839 |
$0 |
|
Total Assets |
$126,548 |
$42,724 |
|
Short-Term Debt |
$56,450 |
$25,315 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$56,450 |
$25,315 |
Financials as of: 01/09/2022
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