Speedy Eats

Speedy Eats

Closed: Nov. 2022

About this raise

Speedy Eats, with a valuation of $21 million, is raising funds on StartEngine. The company has developed automated, quick-service, and standalone kitchens for drive-throughs, deliveries, and walk-ups. The kitchen units of Speedy Eats allow food operators to deliver a seamless customer experience and increase their cash flow and profitability. Speedy Eats kitchens are positioned to capitalize on the quick service restaurant market with their quality, convenience, and customer service. Frederic Speed Bancroft founded Speedy Eats in March 2019. The current crowdfunding campaign has a minimum target of $9,999.24 and a maximum target of $1,069,992.84. The campaign proceeds will be used for beta testing, completion of Generation-2 and Generation-3 units, and launch.

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Investment Overview

Invested this round: $339,394

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
05/02/2022
Close Date
11/28/2022
Min. Goal
$9,999
Max Goal
$1,069,993
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.06

Pre-Money Valuation

$20,979,788

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Baton Rouge, Louisiana
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Fredrick Speed Bancroft
Title
CEO, President

Financials

 Revenue
$0
 Monthly Burn
$17,659
 Runway
3.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-211,913

$-57,959

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$64,308

$226

Accounts Receivable

$0

$0

Total Assets

$203,888

$153,084

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$525,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/28/2022 StartEngine $20,979,788 $339,394 Equity - Common Funded RegCF
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Add to portfolio
Speedy Eats on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,979,788
Price per Share: $2.06

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Follow Speedy Eats on StartEngine 2022

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

Speedy Eats Deal Report

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