About this raise

Piestro is raising funds on Dalmore Group through Reg A+ crowdfunding. It is an automated pizza shop that delivers artisanal pizza in less than three minutes. It is a revolutionary pizzeria that makes zero contact pizzas, with zero food waste, lower cost of production, and high quality. Piestro is led by a seasoned team with food and robotics experience and is revolutionizing the food industry with its innovative design. Massimo Noja De Marco founded Piestro in 2017. The current crowdfunding campaign has no minimum target and a maximum target of $20,000,000. The campaign proceeds will be used for product development, personnel, general overhead expenses, and marketing.

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Investment Overview

Invested this round: $6,000,000

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
01/12/2022
Close Date
09/06/2022
Min. Goal
$997
Max Goal
$20,000,000
Min. Investment

$997

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.39

Pre-Money Valuation

$80,000,000

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Santa Monica, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Massimo Noja De Marco
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$204,469
 Runway
0.2 months

Balance Sheet

Cash and Cash Equivalents

$37,932

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$59,041

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$106,173

Accounts Payable & Accrued Liabilities

$2,208,092

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$2,290,956

Total Stockholders' Equity

$-2,184,783

Total Liabilities and Equity

$106,173

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-2,453,624

Earnings Per Share - Basic

$-2.92

Earnings Per Share - Diluted

$-2.92

Auditor: Artesian CPA
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,347,441
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/06/2022 Dalmore Group $80,000,000 $6,000,000 Equity - Common Funded RegA+
09/30/2021 StartEngine $12,000,000 $4,667,468 Equity - Common Funded RegA+
03/21/2021 StartEngine $12,000,000 $637,364 Equity - Common Funded Test the Waters / RegA+
09/03/2020 StartEngine $6,020,000 $1,070,247 Equity - Common 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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Piestro on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $80,000,000
Price per Share: $10.39

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