Speedy Eats

Early Stage

Automated Quick-Service Kitchens

Analytics

Raised to Date: Raised: $337,319

Aggregate 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

Funding Type

RegCF

Series

Seed

Price Per Share

$2.06

Pre-Money Valuation

$20,979,788

Rolling Commitments $

Status

Active

Reporting Date

11/27/2022

Days Remaining

1

% of Min. Goal

3,373%

% of Max. Goal

32%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,614

# of Investors

216

Momentum
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Location

Baton Rouge, Louisiana

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

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: 05/02/2022
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Speedy Eats on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,979,788

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