Foodvine
Early Stage
Creating the largest marketplace for people to discover and order food!
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/13/2021
Close Date
10/09/2021
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,500,000
Valuation Cap
$5,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/08/2021
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
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Foodvine, with a valuation of $5 million, is raising funds on Wefunder. The business is creating a marketplace for people to discover and order food. The platform will inspire people to enjoy food from different cities in the comfort of their homes and will help chefs monetize their kitchens and promote their brand. Foodvine has a robust revenue model and is 30% cheaper than ordering from chain restaurants. Jordan Sakala and Jonathan Vasu founded Foodvine in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used to support the ongoing development and onboard vendors.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-320,730 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$47,114 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$47,114 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/13/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.