Tastes Markets
Early Stage
WeWork of Grocery Stores.
Analytics
Raised: $71,650
Aggregate Commitments $
Platform
Wefunder
Start Date
01/10/2022
Close Date
04/07/2022
Min. Goal
$69,964
Max. Goal
$1,069,972
Min. Investment
$100
Security Type
Equity - Preferred
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$68.00
Pre-Money Valuation
$7,111,644
Rolling Commitments $
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
102%
% of Max. Goal
7%
Likelihood of Max
Funded
Avg. Daily Raise
$824
# of Investors
46
Momentum
Funded
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Location
Austin, Texas
Industry
Retail Shops & Department Stores
Tech Sector
Retailtech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Tastes Markets, with a valuation of $7.11 million, is raising funds on Wefunder. The company works on the business model of creating shelf spaces and leasing them to multiple local food brands. The concept works as ‘WeWork’ of grocery stores and leads to low inventory costs, labor costs, and operational costs. Tastes Markets has established an impressive proof of concept with 80% shelf spaces reserved with deposits by January 2022. Cheryl Cunningham and Steven Siegel founded Tastes Markets in April 2021. The current crowdfunding campaign has a minimum target of $69,964 and a maximum target of $1,069,972. The campaign proceeds will be used for marketing, buildout, furniture, fixtures, equipment, and operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-143,119 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$128,076 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$175,076 |
$0 |
|
Short-Term Debt |
$26,852 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$26,852 |
$0 |
Financials as of: 01/10/2022
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