Valerie’s

Valerie’s

Closed: Aug. 2021

About this raise

Valerie’s, with a $4 million valuation cap, is raising funds on Wefunder. The business offers healthy and delicious vegan food through a convenient drive-through. The customers can shop through the restaurant’s app and take safe and contactless delivery with the drive-through option. Valerie Bendish founded Valerie’s in November 2020. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used for public relations, paid advertising, purchase orders, employees’ salaries, and startup costs for the physical location. Valerie’s works as an omni-channel business, with multiple revenue streams, including retail, online, pick-up, and delivery.

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Investment Overview

Not Funded: $15,075

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/19/2021
Close Date
08/13/2021
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,500,000

Valuation Cap

$4,000,000

Discount

10%

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Oak Ridge, New Jersey
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Valerie Bendish
Title
CEO

Financials

 Revenue
$135,000
 Monthly Burn
$826
 Runway
3.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$135,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-9,917

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,000

$0

Accounts Receivable

$0

$0

Total Assets

$138,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/13/2021 Wefunder $4,000,000 $15,075 Convertible Note Not Funded RegCF
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Add to portfolio
Valerie’s on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $4,000,000

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