Culineer

Culineer

Closed: Apr. 2022

About this raise

Culineer, with a valuation of $4 million, is raising funds on Wefunder. The company has developed a community-based marketing platform that helps farmers help their customers find locally-sourced food. The platform connects home cooks and consumers with local farmers and builds a community around the farmers. Culineer is led by an experienced team and has multiple revenue streams, including farm subscriptions, premium upgrades, advertising, and affiliate sales. Jodi Frank founded Culineer in October 2017. The WMarketplace in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, product development, and operations.

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Investment Overview

Invested this round: $59,650

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
12/23/2021
Close Date
04/08/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,000,000

Valuation Cap

$4,000,000

Discount

15%

Company & Team

Company

Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Harrisburg, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jodi Frank
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$6,859
 Runway
1.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-82,311

$-89,544

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,993

$177

Accounts Receivable

$0

$0

Total Assets

$10,122

$177

Short-Term Debt

$9,613

$6,591

Long-Term Debt

$20,234

$0

Total Liabilities

$29,847

$6,591

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/08/2022 Wefunder $4,000,000 $59,650 Convertible Note Funded RegCF
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Add to portfolio
Culineer on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $4,000,000

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

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