Culineer

Early Stage

A community platform for home cooks who buy from local farms.

Analytics

Raised to Date: Raised: $57,600

Aggregate Commitments $

Platform

Wefunder

Start Date

12/23/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,000,000

Discount Rate

15%

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

101

% of Min. Goal

115%

% of Max. Goal

23%

Likelihood of Max
likely
Avg. Daily Raise

$2,133

Momentum
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Location

Harrisburg, Pennsylvania

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

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

Financials as of: 12/23/2021
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Culineer on Wefunder 2021
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $4,000,000

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