Overview
Raised: $98,213
Total Commitments ($USD)
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
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$6.75
Pre-Money Valuation
$39,541,608
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
2
% of Min. Goal
1,310%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$1,155
# of Investors
113
Momentum
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 07/03/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Tapville | 09/28/2023 | StartEngine | $39,541,608 | $98,213 | Equity - Common | Active | RegCF |
| Tapville | 06/29/2022 | StartEngine | $28,132,800 | $509,364 | Equity - Common | Funded | RegCF |
| Tapville | 04/26/2021 | StartEngine | $4,500,000 | $1,070,000 | Equity - Common | Funded | RegCF |
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