About this raise
Parlay Cafe, with a valuation of $3.5 million, is raising funds on Wefunder. The cafe caters to people who work from home and offers them a coworking space along with their special coffee. The cafe will serve as the place for people to occasionally work, meet clients, and conduct interviews. Parlay Cafe launched its proof of concept in Temecula, CA, in 2019 and broke even in five months. Don Mastrangelo founded Parlay Cafe in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4,900,000. The campaign proceeds will be used for marketing, franchise recruiting campaigns, and attending regional and national franchise shows.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/01/2021
- Close Date
- 06/30/2022
$50,000
$4,900,000
$100
SAFE
Early Stage
RegCF
$3,000,000
$3,500,000
0%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/30/2022 | Wefunder | $3,500,000 | $0 | SAFE | Not Funded | RegCF |
| 04/09/2021 | Wefunder | $3,500,000 | $81,262 | SAFE | Funded | RegCF |