Rojo's Famous

Rojo's Famous

Closed: Apr. 2022

About this raise

Rojo’s Famous, with a pre-money valuation of $4 million, is raising funds on MicroVentures. It is a frozen breakfast food company that makes frozen pancakes using its proprietary pancake cooking process. The pancakes are filled with real and wholesome ingredients and can also be served to children. Robert J Selfridge founded Rojo’s Famous in May 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $249,999, and the proceeds will be used for marketing, R&D, manufacturing line, and general working capital. Rojo’s Famous generated over $1.28 million in revenue in 2020, up 271% from 2019. The products of Rojo’s Famous are found at major stores, including Safeway, Wegmans, and Central Market HEB.

Expand

Investment Overview

Invested this round: $224,403

Deal Terms

Total Commitments

Platform
Microventures
Start Date
08/10/2021
Close Date
04/25/2022
Min. Goal
$25,001
Max Goal
$250,000
Min. Investment

$102

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.85

Pre-Money Valuation

$4,000,000

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Seattle, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Robert Selfridge
Title
CEO, Founder
Founder Name
John Marbett
Title
Director of Sales

Financials

 Revenue +271% YoY
$1,288,732
 Monthly Burn
$6,660
 Runway
0.1 months
Gross Margin
48%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,288,732

$347,520

COGS

$672,458

$542,315

Tax

$0

$0

 

 

Net Income

$-79,920

$-738,109

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$685

$10,725

Accounts Receivable

$89,415

$99,706

Total Assets

$636,218

$507,615

Short-Term Debt

$636,009

$272,750

Long-Term Debt

$10,000

$0

Total Liabilities

$646,009

$272,750

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/25/2022 Microventures $4,000,000 $224,403 Equity - Preferred Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Rojo’s Famous on MicroVentures 2021
Platform: Microventures
Security Type: Equity - Preferred
Valuation: $4,000,000
Price per Share: $1.85

Follow company

Follow Rojo’s Famous on MicroVentures 2021

Buy Rojo's Famous's Deal Report

Warning: according to the close date for this deal, Rojo's Famous may no longer be accepting investments.

Rojo's Famous Deal Report

Get Kingscrowd's comprehensive report on Rojo's Famous including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Rojo's Famous is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Rojo's Famous deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge