Overview

Raised to Date: Raised: $159,201

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/06/2023

Close Date

09/30/2023

Min. Goal

$50,000

Max. Goal

$500,000

Min. Investment

$200

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

09/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,873

# of Investors

151

Momentum

Funded

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TAINR

Year Founded

2023

Industry

Food, Beverage, & Restaurants

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

LOS ANGELES, California

Business Type

Growth

Company Website

TAINR, with a valuation of $10 million, is raising funds on Wefunder. The company has created smart refill kiosks to eliminate plastic packaging from food. The technology has modernized bulk aisles of grocery stores with its smart refill kiosks that reduce restocking times, move inventory efficiently, eliminate product losses, and eliminate single-use plastic packaging waste. TAINR has a patented technology and has LOIs with grocers for over 20 waitlisted kiosks. Camilo Giraldo, Kathy Silva, and Philip Tomasi founded TAINR in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for manufacturing and system deployments, team and operations, research and development, and marketing and sales.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-94,602	$-74,074

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$63,678	$32,733
Accounts Receivable	$0	$0
Total Assets	$167,262	$32,733
Short-Term Debt	$11,893	$28,219
Long-Term Debt	$243,750	$0
Total Liabilities	$255,643	$28,219

Financials as of: 07/06/2023

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Redefining Grocery Shopping: Camilo Giraldo's Vision for a Plastic-Free Future

Stopping single-use plastic is easier said than done. Too many products are wrapped in thin, unrecyclable plastic or metal packaging in grocery stores. And in bulk isles, customers are often invited to put their products in…plastic bags.

Efforts have been made to address the problem. Some stores provide compostable plastic bags for bulk isles. But it still uses energy and raw materials for single-use items. Other stores allow customers to come with their own recipients. However, it quickly becomes difficult for cashiers to deduct the weight of a glass jar or a cotton bar from the bill.

To solve these challenges and finally move away from plastic, TAINR innovated the bulk aisle experience by creating a smart refill kiosk. We reached out to co-founder and CEO Camilo Giraldo to understand the company’s strategy to become a must-have for natural grocery stores.

Read Founder Interview