Phantom Phood
Early Stage
The event planning marketplace for food and drink experiences
Overview
Raised: $39,645
Total Commitments ($USD)
Platform
Republic
Start Date
02/14/2023
Close Date
04/15/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$672
# of Investors
45
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Phantom Phood, with a valuation of $12 million, is raising funds on Republic. The company has developed an event-planning marketplace for food and drink experiences. The platform connects venues, food providers, and drink providers with customers and saves time and money on scouting locations. Phantom Phood allows users to pick their preferred location, time, and the number of guests, reserve their hosts, select the menu, and enjoy. The platform has reported a five times year-over-year revenue growth since its launch. Nabeel Ahmed and Ali Elyassi founded Phantom Phood in November 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales, marketing, hiring, and general working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$54,986 |
$0 |
|
COGS |
$21,675 |
$0 |
|
Tax |
$2,248 |
$-179 |
| ||
| ||
|
Net Income |
$8,453 |
$-672 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$16,770 |
$70 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$16,770 |
$249 |
|
Short-Term Debt |
$8,069 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$8,069 |
$0 |
Financials as of: 02/14/2023
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