Mellow

Mellow

Early Stage

A sous-vide machine that will cook your meals without the need of you being there to cook it.

A sous-vide machine that will cook your meals without the need of you being there to cook it.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

05/21/2020

Close Date

07/13/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$3,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

07/25/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Foodtech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Miami Beach, Florida

Business Type

Growth

Mellow, with a $3 million valuation cap, is raising funds on SeedInvest. The company has created a device that works as the sous-chef and cooks using the sous-vide technique on the countertop. The technique ensures that the ingredients are neither undercooked nor overcooked, and uses energy efficiently. Mellow was founded by Vanessa Dominguez and Zalmi Duchman in 2018. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used for product development, industrialization, marketing and sales, operations, and Mellow Meal Kit development. Mellow has a strong IP portfolio and has already activated 6,400 Mellow V1 units since its launch.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,457

$0

COGS

$23,507

$0

Tax

$0

$0

 

 

Net Income

$-178,432

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,040

$12,500

Accounts Receivable

$0

$0

Total Assets

$76,731

$12,500

Short-Term Debt

$177,038

$0

Long-Term Debt

$0

$0

Total Liabilities

$177,038

$0

Financials as of: 05/21/2020
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Mellow on SeedInvest
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $3,000,000

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

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