Foodvine

Early Stage

Creating the largest marketplace for people to discover and order food!

Analytics

Raised to Date: Raised: $136,010

Aggregate Commitments $

Platform

Wefunder

Start Date

09/14/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

09/22/2021

Days Remaining

220

% of Min. Goal

272%

% of Max. Goal

27%

Likelihood of Max
extremely
Avg. Daily Raise

$17,001

Momentum
cold
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Location

Dallas, Texas

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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: 09/14/2021
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