Tapville

Tapville, with a valuation of $40.54 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. Tapville’s 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 32 open locations and has an additional 34 in development. Joseph Tota founded Tapville in June 2020. The current crowdfunding campaign has a minimum target of $14,994 and a maximum target of $4.9 million. The campaign proceeds will be used for marketing, location unit development, research and development, operations, and working capital.

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Investment Overview

Raised this Round: Raised: $149,792

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/24/2024
Close Date
12/23/2024
Min. Goal
$14,994
Max. Goal
$4,878,803
Min. Investment

$347

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.80

Pre-Money Valuation

$40,541,403

Company & Team

Company

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

Team

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

Financials

as of May 1, 2024
 Revenue -21.2% YoY
$582,703
 Monthly Burn
$50,000
 Runway
0.7 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$582,703

$739,160

COGS

$0

$146,648

Tax

$247

$9,498

 

 

Net Income

$-254,222

$-921,086

Summary Balance Sheet

FY 2023 FY 2022

Cash

$185,317

$207,197

Accounts Receivable

$101,946

$92,915

Total Assets

$1,001,921

$1,128,868

Short-Term Debt

$551,868

$538,283

Long-Term Debt

$0

$0

Total Liabilities

$551,868

$538,283

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,851,763
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/23/2024 StartEngine $40,541,403 $149,792 Equity - Common Active 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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Add to portfolio
Tapville on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,541,403
Price per Share: $6.80

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Follow Tapville on StartEngine 2024

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