Flavor App

Flavor App

Open  for investment

About this raise

Flavor App, with a valuation of $24 million, is raising funds on Wefunder. The company has developed a unified dining experience app that helps users discover, book, and pay all in one app. Flavor App transforms dining out from a stressful process into a seamless and enjoyable experience and can save users an average of 30 minutes per dining experience. The company is led by an experienced team and reported a 53% week-over-week growth in a six-week pilot with zero marketing spend. Stergios Dikos founded Flavor App in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, signing up restaurants, signing up app consumers, and general operating capital.

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Investment Overview

Committed this round: $11,250

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/12/2024
Close Date
04/30/2025
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$24,000,000

Discount

15%

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Middletown, Delaware
Business Type
High Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Stergios Dikos
Title
CEO

Financials

as of June 1, 2024
 Revenue
$0
 Monthly Burn
$3,345
 Runway
19 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-19,712

$-2,795

Summary Balance Sheet

FY 2023 FY 2022

Cash

$79,978

$98,706

Accounts Receivable

$0

$0

Total Assets

$79,978

$98,706

Short-Term Debt

$983

$0

Long-Term Debt

$100,000

$100,000

Total Liabilities

$100,983

$100,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$100,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $24,000,000 $11,250 SAFE Active RegCF
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Flavor App on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $24,000,000

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