About this raise

Tapville, with a valuation of $39.54 million, 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. The franchising opportunities come as brick-and-mortar locations, kiosks, and mobile kiosks, and revenues come through royalties and franchise fees. Tapville currently has 22 open locations and has an additional 52 in development. Joseph Tota founded Tapville in June 2020. The current crowdfunding campaign has a minimum target of $7,499.25 and a maximum target of $5 million. The campaign proceeds will be used for marketing, location unit development, research and development, operations, and working capital.

Expand

Investment Overview

Invested this round: $123,405

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
07/03/2023
Close Date
09/28/2023
Min. Goal
$7,499
Max Goal
$4,999,995
Min. Investment

$344

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.75

Pre-Money Valuation

$39,541,608

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 -27% YoY
$739,160
as of FY2022
 Monthly Burn
$76,757
as of FY2022
 Runway
2.7 months
as of FY2022
 Gross Margin
80%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$739,160

$1,012,514

COGS

$146,648

$477,731

Tax

$0

$0

 

 

Net Income

$-921,086

$-254,152

Summary Balance Sheet

FY 2022 FY 2021

Cash

$207,197

$392,921

Accounts Receivable

$92,915

$553,755

Total Assets

$1,128,868

$1,124,959

Short-Term Debt

$538,283

$300,538

Long-Term Debt

$0

$0

Total Liabilities

$538,283

$300,538

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,734,670
VC Backed?
No
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
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Tapville on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $39,541,608
Price per Share: $6.75

Follow company

Follow Tapville on StartEngine 2023

Buy Tapville's Deal Report

Warning: according to the close date for this deal, Tapville may no longer be accepting investments.

Tapville Deal Report

Get Kingscrowd's comprehensive report on Tapville including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Tapville is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Tapville deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge