TAINR
Early Stage
Smart refill kiosks to eliminate plastic packaging from our food
Overview
$161,301 - RegCF
$211,301 - Total
$211,301 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/07/2023
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
/ RegD 506(c)
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
4
% of Min. Goal
323%
% of Max. Goal
32%
Likelihood of Max
Avg. Daily Raise
$1,991
Momentum
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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: 07/07/2023
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Founder Profile
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.
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