Speedy Eats

Speedy Eats

Early Stage

Automated Quick-Service Kitchens

Automated Quick-Service Kitchens

Overview

Raised to Date: Raised: $339,394

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/01/2022

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/03/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,616

# of Investors

221

Momentum
Funded
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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

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.

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

Financials as of: 05/01/2022
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Speedy Eats on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,979,788
Price per Share: $2.06

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