Fetch Delivery
Early Stage
Personal Shoppers For Your Daily Errands!
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/16/2022
Close Date
07/15/2022
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
1%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/14/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2013
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Fetch Delivery, with a valuation of $15 million, is raising funds on Wefunder. The company provides personal shoppers to run errands for people. The personal concierge of Fetch Delivery fetches groceries, laundry, health and beauty products, medicines, and other things for people and helps them split the costs to make the service affordable. Fetch Delivery has completed 60,000 deliveries to date and generated $3 million in revenue. Gordon Schaeffer founded Fetch Delivery in July 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for operations, technology, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$995,317 |
$1,154,490 |
|
COGS |
$366,583 |
$375,069 |
|
Tax |
$12,040 |
$300 |
| ||
| ||
|
Net Income |
$-443,263 |
$-383,654 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$75,124 |
$255,157 |
|
Accounts Receivable |
$0 |
$25,000 |
|
Total Assets |
$77,624 |
$282,657 |
|
Short-Term Debt |
$425 |
$8,025 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$425 |
$8,025 |
Financials as of: 06/16/2022
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