COLORS: Oakland
About this raise: COLORS: Oakland, with a pre-money valuation of $2 million, is raising funds on WeFunder. It is both a restaurant and mission-driven enterprise aimed at the professional development of staff and students. COLORS: Oakland is expected to open in April 2020 in Oakland, California. It will serve Afro-Latinx food and will be a part of the Restore Oakland center. COLORS: Oakland was founded by Saru Jayaraman. The proceeds of the current round of crowdfunding, with a minimum target of $200,000 and a maximum target of $350,000, will be used towards pre-opening expenses, development of food and cocktail menus, operating capital, and furniture, fixtures, and equipment. The owners of COLORS: Oakland are the landlords of their building and are offering both a restaurant and training programs.
Investment Overview
Not Funded: $29,611
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 02/14/2020
- Close Date
- 12/04/2020
$200,000
$350,000
$100
Equity - Common
Pre-Seed
RegCF
$0.50
$2,000,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/04/2020 | Wefunder | $2,000,000 | $29,611 | Equity - Common | Not Funded | RegCF |