The Town Kitchen
About this raise
The Town Kitchen, with a valuation cap of $8 million, is raising funds on Republic. The company is taking corporate catering to the next level, along with helping the local communities. The Town Kitchen employs foster and re-entry individuals to create delicious meals and explore their potential, making it a culinary-oriented and an impactful company. The Town Kitchen was founded by Jefferson Sevilla in March 2015 and has raised $1.4 million since its founding. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to expand in the Bay Area. The Town Kitchen already has more than 40% return of gross margins on every order and reported revenue of $1.1 million in 2018, up 82% year-over-year.
Investment Overview
Invested : $59,444
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 07/17/2019
- Close Date
- 10/31/2019
$25,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$8,000,000
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Oakland, California
- Company Website
-
Visit Website
Team
- Employees
- 20
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/31/2019 | Republic | $8,000,000 | $59,444 | SAFE | Funded | RegCF |