Le Bread Xpress

Le Bread Xpress

Closed: Apr. 2020

About this raise

Le Bread Xpress, with a valuation cap of $10 million, is raising crowdfunding on WeFunder. The company develops and distributes cutting edge technology to be used in micro-bakeries. The machine of Le Bread Xpress, Bakery in a box’, can bake fresh pizza and pastry in seconds and deliver it anytime on-demand. Benoit Herve founded Le Bread Xpress in 2015 and has raised more than $600,000 since its inception. The current round of crowdfunding has a minimum target of $75,000 and a maximum target of $1,070,000, and the proceeds will be used for new model development, IP development and IP filing, and new hires. Le Bread Xpress has already started generating revenues with ten machines on order and contractual option to sell 65 more machines in the next six months.

Expand

Investment Overview

Invested this round: $166,138

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/06/2019
Close Date
04/28/2020
Min. Goal
$75,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,000,000

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
San Jose, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Benoit Herve
Title
CEO

Financials

 Revenue
$3,953
 Monthly Burn
$14,109
 Runway
1.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,953

$23,267

COGS

$7,078

$19,440

Tax

$2,504

$2,195

 

 

Net Income

$-169,303

$-177,856

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$19,685

$13,850

Accounts Receivable

$0

$2,869

Total Assets

$153,434

$161,263

Short-Term Debt

$24,450

$9,623

Long-Term Debt

$686,296

$539,649

Total Liabilities

$710,746

$549,272

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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
Already a member? Log in here.

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2020 Wefunder $2,000,000 $166,138 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Le Bread Xpress on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,000,000

Follow company

Follow Le Bread Xpress on Wefunder

Buy Le Bread Xpress's Deal Report

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

Le Bread Xpress Deal Report

Get Kingscrowd's comprehensive report on Le Bread Xpress including:

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

Buy the Le Bread Xpress deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge