Culineer
Early Stage
A community platform for home cooks who buy from local farms.
Overview
Raised: $59,650
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/22/2021
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
Early Bird Val. Cap
$3,000,000
Valuation Cap
$4,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$563
# of Investors
37
Momentum
Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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: 12/22/2021
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