Speedy Eats
Early Stage
Automated Quick-Service Kitchens
Analytics
Raised: $165,459
Aggregate Commitments $
Platform
StartEngine
Start Date
05/02/2022
Close Date
07/29/2022
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
05/21/2022
Days Remaining
69
% of Min. Goal
1,655%
% of Max. Goal
15%
Likelihood of Max
Avg. Daily Raise
$8,708
Momentum
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Location
Baton Rouge, Louisiana
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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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