Parlay Cafe (2022)

Parlay Cafe (2022)

Closed: Jun. 2022

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/01/2021
Close Date
06/30/2022
Min. Goal
$50,000
Max Goal
$4,900,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,000,000

Valuation Cap

$3,500,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Temecula, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
Yes
Founder Name
Don Mastrangelo
Title
CEO

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$12,708
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-152,500

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$2,200,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

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
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Parlay Cafe on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $3,500,000

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

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