Tastes Markets
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.
Investment Overview
Invested : $71,650
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/10/2022
- Close Date
- 04/07/2022
$69,964
$1,069,972
$100
Equity - Preferred
Early Stage
RegCF
$68.00
$4,706,235
$7,111,644
Company & Team
Company
- Year Founded
- 2021
- Industry
- Retail Shops & Department Stores
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- High
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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 |
