Scream Truck
About this raise
Scream Truck, with a valuation of $17 million, is raising funds on Wefunder. The company has developed the world’s first on-demand experiential food trucks. Scream Trucks are designed to create an awesome experience with their hot pink and bold appearance and premium sound systems and sell creative and premium ice cream treats. The business has over 70,000 households signed up for its reserved routes and has generated $6 million in lifetime revenues. Eric Murphy founded Scream Truck in February 2020. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for software development, purchasing a new truck, and hiring franchise support personnel.
Investment Overview
$3,643,043 - Total
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/12/2024
- Close Date
- 06/27/2024
$250,000
$1,000,000
$100
Equity - Preferred
Growth Stage
RegCF
/ RegD 506(c)
$1.64
$17,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +60% YoY
-
$3,007,857
as of FY2023
- Monthly Burn
-
$62,500
as of FY2023
-
Runway
-
10.8 months
as of
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,109,977
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/27/2024 | Wefunder | $17,000,000 | $3,643,043 | Equity - Preferred | Funded | RegCF / RegD 506(c) |