Localvore
Connecting conscious consumers with local restaurants to end hunger.
Overview
Raised: $61,944
Rolling Commitments ($USD)
11/05/2022
$344
68
2011
Food, Beverage, & Restaurants
Foodtech
B2B/B2C
High
Low
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 |
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Founder Profile
Localvore Founder Dan White on the Value of Local Food
In a market mostly dominated by big-name chains, local restaurants often struggle to attract customers. They have less funds to work with, and less money means fewer marketing opportunities. Local restaurants could benefit from a chance to show off their businesses on a more even playing field.
Localvore offers a platform that puts local businesses – like restaurants and food producers – in the spotlight. The company has also partnered with several charitable organizations in order to tackle hunger, getting free meals to those who truly need them. We reached out to co-founder and CEO Daniel “Dan” White to learn about some of the challenges he faced and the positive impact of Localvore.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.