Tastes Markets

Tastes Markets

Closed: Apr. 2022

About this raise

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.

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Investment Overview

Invested this round: $71,650

Deal Terms

Total 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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$68.00

Early Bird Valuation

$4,706,235

Pre-Money Valuation

$7,111,644

Company & Team

Company

Year Founded
2021
Industry
Retail Shops & Department Stores
Tech Sector
Retailtech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Cheryl Cunningham
Title
CEO
Founder Name
Steven Siegel
Title
Finance, M&A, Expansion

Financials

 Revenue
$0
 Monthly Burn
$11,927
 Runway
10.7 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/07/2022 Wefunder $7,111,644 $71,650 Equity - Preferred Funded RegCF
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Add to portfolio
Tastes Markets on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,111,644
Price per Share: $68.00

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