RDE

RDE

Growth Stage

Helping restaurants thrive in the new normal

Helping restaurants thrive in the new normal

Overview

Raised to Date: Raised: $150,750

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

01/06/2021

Close Date

11/29/2021

Max. Goal
$5,000,000
Min. Investment

$350

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$28,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2021

Days Remaining
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$461

# of Investors

183

Momentum
Funded
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Year Founded

2011

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Norcross, Georgia

Business Type

Life Style

RDE, with a valuation of $31 million, is raising funds through Reg A+ crowdfunding. The company owns and operates a restaurant-focused digital deals brand Restaurant. com. The platform connects diners, businesses, restaurants, and communities and helps diners save money at thousands of restaurants across the country. Ketan Thakker founded RDE in 2001. The current crowdfunding round has no minimum raise and a maximum raise of $7,000,000, and the funds will be used for growth and expansion. RDE has over 8 million customers and has helped them save more than $1 billion through its restaurant deals. The company generated revenue of $10.6 million in 2019 and plans to grow further with its unique business model and technology upgrades.

Balance Sheet

Cash and Cash Equivalents

$560,000

Accounts and Notes Receivable

$246,000

Property, Plant and Equipment (PP&E)

$4,979,000

Total Assets

$5,785,000

Accounts Payable & Accrued Liabilities

$2,656,000

Long Term Debt

$7,906,000

Total Liabilities

$10,562,000

Total Stockholders' Equity

$-4,777,000

Total Liabilities and Equity

$5,785,000

Statement of Comprehensive Income Information

Total Revenues

$1,163,000

Costs & Expenses Applicable to Rev

$3,182,000

Depreciation and Amortization

$253,000

Net Income

$-2,272,000

Earnings Per Share - Basic

$-0.46

Earnings Per Share - Diluted

$-0.46

Auditor: Weinberg & Co.
Financials as of: 01/06/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RDE 11/29/2021 Dalmore Group $28,000,000 $150,750 Equity - Common Funded RegA+
Restaurant.com 07/02/2021 Republic $30,000,000 $140,405 Equity - Common Funded RegA+
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RDE, Inc. on Issuance
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $28,000,000
Price per Share: $2.50

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