Spoonful

Spoonful

Early Stage

Helping 3B people with special diets navigate grocery stores and restaurants

Helping 3B people with special diets navigate grocery stores and restaurants

Overview

Raised to Date: Raised: $56,683

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/09/2022

Close Date

04/29/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$10,000,000

Valuation Cap

$11,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/28/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$727

# of Investors

42

Momentum
Not Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Orinda, California

Business Type

Growth

Spoonful, with a valuation of $11 million, is raising funds on Wefunder. The company has developed an app that helps people with special dietary needs navigate grocery stores and restaurants. The users get to specify their allergies and dietary restrictions, scan labels and instantly find products that match their diet. Spoonful is led by a team of leading dieticians, MDs, and clinical nutritionists and has had 80,000 app installs. Deepa Krishnan founded Spoonful in March 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product development, marketing, customer support, and operational costs.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,888

$1,700

 

 

Net Income

$-402,616

$-196,221

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$128,809

$28,300

Accounts Receivable

$0

$0

Total Assets

$128,809

$28,300

Short-Term Debt

$29,135

$1,010

Long-Term Debt

$0

$250,000

Total Liabilities

$29,135

$251,010

Financials as of: 02/09/2022
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Spoonful on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $11,000,000

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