Serve

Serve

Growth Stage

Meet Serve, the future of delivery

Meet Serve, the future of delivery

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

01/23/2023

Close Date

05/13/2023

Min. Goal
$200,000
Max. Goal
$4,878,049
Min. Investment

$1,000

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$350,000,000

Discount

0%

Year Founded

2021

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Redwood City, California

Business Type

Growth

Serve is raising funds on Dealmaker Securities. The company has developed an autonomous robot to make deliveries automated, sustainable, and economical. Currently, the all-electric robot delivers orders for Uber Eats and 7-Eleven in Los Angeles and is looking to expand its geographical reach by launching in more cities in 2023. Serve is powered by advanced sensors with 50 liters of cargo space, an intuitive touch-screen, remote teleoperation, and emergency braking. Ali Kashani, Touraj Parang, Dmitry Demeshcuk, and MJ Chun founded Serve in January 2021. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $4.8 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-21,665,518

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$7,965,861

$0

Accounts Receivable

$0

$0

Total Assets

$8,656,709

$0

Short-Term Debt

$336,314

$0

Long-Term Debt

$0

$0

Total Liabilities

$336,314

$0

Financials as of: 01/23/2023
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Serve on Dealmaker Securities 2023
Platform: Dealmaker Securities
Security Type: SAFE
Valuation: $350,000,000

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Follow Serve on Dealmaker Securities 2023

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Warning: according to the close date for this deal, Serve may no longer be accepting investments.

Serve Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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