FoodsPass

FoodsPass

Closed: Dec. 2021

About this raise

FoodsPass, with a pre-money valuation of $12.5 million, is raising funds on StartEngine. The company helps customers get the best deals on food with its payment card and savings club for food. It is the broken food supply model by connecting communities to affordable food and advocating for a sustainable supply chain. Travis Siflinger founded FoodsPass in April 2021. The proceeds of the current crowdfunding round, with a minimum raise of $9,999.72 and a maximum raise of $1,069,999.59, will be used for marketing, market testing, launching the MVP, PR launch, and market expansion. FoodsPass has a waitlist of 5,000 and has signed marketing agreements with popular food and beverage brands.

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Investment Overview

Invested this round: $65,370

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/22/2021
Close Date
12/22/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$248

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.97

Pre-Money Valuation

$12,510,387

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Newport Beach, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Travis Matthew
Title
CEO

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/22/2021 StartEngine $12,510,387 $65,370 Equity - Common Funded RegCF
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Add to portfolio
FoodsPass on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,510,387
Price per Share: $1.97

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Follow FoodsPass on StartEngine 2021

Buy FoodsPass's Deal Report

Warning: according to the close date for this deal, FoodsPass may no longer be accepting investments.

FoodsPass Deal Report

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  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether FoodsPass is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

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