Flavor App

Flavor App

Early Stage

Transforming Dining Out

Transforming Dining Out

Overview

Raised this Round: Raised: $6,050

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/12/2024

Close Date

12/20/2024

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%

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

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.

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

Financials as of: 08/12/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Flavor App 12/20/2024 Wefunder $24,000,000 $6,050 SAFE Active RegCF

No prior online funding rounds.

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Flavor App on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $24,000,000

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