About this raise

Tapville, with a $28.1 million pre-money valuation, is raising funds on StartEngine. The company offers a technology-inspired food and beverage franchising concept that uses self-service technology and advanced data analytics. The technology helps in cutting costs and optimizing the customer experience. Joseph Tota founded Tapville in June 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $3,930,000, will be used for growth and expansion. Tapville currently has two affiliate locations that have generated over $5 million in lifetime revenues. The contactless concept of Tapville is expected to thrive during and post-COVID-19. The franchising opportunities come as brick and mortar, kiosk, and mobile kiosk, and revenues come through royalties and franchise fees.

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Investment Overview

Invested this round: $509,364

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
08/11/2021
Close Date
06/29/2022
Min. Goal
$10,000
Max Goal
$3,930,000
Min. Investment

$200

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.25

Pre-Money Valuation

$28,132,800

Company & Team

Company

Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Naperville, Illinois
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
Yes
Founder Name
Joseph Tota
Title
CEO

Financials

 Revenue
$99,474
 Monthly Burn
$24,059
 Runway
5.2 months
Gross Margin
49%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$99,474

$10,629

COGS

$50,600

$0

Tax

$0

$0

 

 

Net Income

$-288,702

$-9,115

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$124,054

$1,886

Accounts Receivable

$40,697

$1,842

Total Assets

$269,425

$112,673

Short-Term Debt

$2,213

$1,788

Long-Term Debt

$0

$100,000

Total Liabilities

$2,213

$101,788

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/24/2025 StartEngine $40,541,403 $206,497 Equity - Common Funded RegCF
09/28/2023 StartEngine $39,541,608 $123,405 Equity - Common Funded RegCF
06/29/2022 StartEngine $28,132,800 $509,364 Equity - Common Funded RegCF
04/26/2021 StartEngine $4,500,000 $1,070,000 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Tapville on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $28,132,800
Price per Share: $6.25

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