TasteDNA

TasteDNA

[Closed for Investment] TasteDNA, with a valuation of $3 million, is raising funds on Wefunder. The company has launched a food recommendations app on app stores, and has been well-received by users to discover local delicacies. TasteDNA is also launching The Cottage, a marketplace to connect local food businesses with the local community. The online platform will enable businesses to reach out to their customers and get essential tools for sales, marketing, and growth. Olumuyiwa Familoni founded TasteDNA in November 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, platform development, and admin costs.

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Investment Overview

Raised this Round: Raised: $50,100

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/29/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$200

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Johns Creek, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Muyiwa Familoni
Title
CEO
Founder Name
Oyinkansola Familoni
Title
COO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$8,000
 Runway
1.3 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,200

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$10,000

$0

Accounts Receivable

$0

$0

Total Assets

$10,000

$0

Short-Term Debt

$10,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$10,000

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $3,000,000 $50,100 SAFE Funded RegCF
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Add to portfolio
TasteDNA on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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