Go LoCo
Early Stage
Restaurant-owned delivery cooperatives powered by ordering & delivery platform
Overview
Raised: $82,633
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/03/2022
Close Date
07/06/2022
Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,500,000
Valuation Cap
$11,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/05/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$889
Momentum
Not Funded
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Year Founded
2022
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Go LoCo, with a valuation of $11 million, is raising funds on Wefunder. The company has developed local restaurant-owned delivery cooperatives powered by an ordering and delivery platform. The consumers will have an easy-to-use food delivery app while the restaurants can keep control over their pricing, ordering, and customer experience. Go LoCo is a first-to-market, turnkey delivery co-op product. Jon Sewell and Ralph Burleson founded Go LoCo in January 2022. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,070,000. The campaign proceeds will be used for sales, operations and development, co-op first-year support, and general and administration expenses.
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 |
$90,165 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$390,165 |
$0 |
|
Short-Term Debt |
$78,463 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$78,463 |
$0 |
Financials as of: 04/03/2022
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