Rojo's Famous
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.
Investment Overview
Invested $224,403 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +271% YoY
- $1,288,732
- Monthly Burn
- $6,660
-
Runway
- 0.1 months
- Gross Margin
- 48%
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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 |