Localvore

Early Stage

Connecting conscious consumers with local restaurants to end hunger.

Analytics

Raised to Date: 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
unlikely
Avg. Daily Raise

$2,872

Momentum
cold.svg
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Location

Burlington, Vermont

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

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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Localvore on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,803,251

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