Localvore
Early Stage
Connecting conscious consumers with local restaurants to end hunger.
Analytics
Raised: $48,832
Aggregate Commitments $
Platform
StartEngine
Start Date
05/04/2022
Close Date
10/31/2022
Min. Goal
$10,000
Max. Goal
$890,000
Min. Investment
$250
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$0.39
Pre-Money Valuation
$9,803,251
Rolling Commitments $
Status
Active
Reporting Date
05/21/2022
Days Remaining
163
% of Min. Goal
488%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$2,872
Momentum
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Location
Burlington, Vermont
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Localvore, with a valuation of $9.8 million, is raising funds on StartEngine. The company has developed a scalable platform to connect conscious consumers with local restaurants, support local restaurants, and enable free meals for people with food insecurity. The platform works for local restaurants that support local food producers, and comes with an added functionality of letting hungry people order food from restaurants associated with the Everyone Eats program. Daniel White and Michael Nedell founded Localvore in October 2011. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $889,999.89. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$405,752 |
$118,008 |
|
COGS |
$4,981 |
$6,439 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-35,035 |
$-183,764 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$239,091 |
$122,014 |
|
Accounts Receivable |
$228,690 |
$0 |
|
Total Assets |
$581,853 |
$394,749 |
|
Short-Term Debt |
$332,683 |
$59,251 |
|
Long-Term Debt |
$760,960 |
$665,070 |
|
Total Liabilities |
$1,093,643 |
$724,321 |
Financials as of: 05/04/2022
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