Toffee.com

Toffee.com

Closed: Mar. 2021

About this raise

Toffee.com, with a valuation cap of $5 million, is raising crowdfunding on Wefunder. The platform allows users to buy and sell digital products online and aims to become eBay for digital goods. Toffee.com helps users create unlimited stores and listings for free, ship the products, generate coupons, and do so much more. Yousef Abdulhassan founded Toffee.com in April 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards engineering costs, marketing, and augmenting the core team. Toffee.com has over 3,000 registered users, and 3,500 created listings. It is the easiest and fastest way to list digital goods online.

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Investment Overview

Invested this round: $185,200

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/17/2020
Close Date
03/29/2021
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Middletown, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Yousef Abdulhassan
Title
CEO

Financials

 Revenue
$27,000
 Monthly Burn
$26
 Runway
15.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-317

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$413

$0

Accounts Receivable

$0

$0

Total Assets

$413

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Sell.app 01/07/2022 Wefunder $6,000,000 $0 SAFE Not Funded RegCF
Toffee.com 03/29/2021 Wefunder $5,000,000 $185,200 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Toffee.com on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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