About this raise
Vegan Mob, with a valuation of $25 million, is raising funds on Wefunder. The restaurant serves the best vegan BBQ and soul food in the Bay Area. Vegan Mob’s offerings include gumbo, brisket, the Mob Plate, and the Smackaroni. The restaurant has hundreds of visitors per day and hundreds of delivery orders through Caviar, DoorDash, and Postmates. Vegan Mob has generated $7.2 million in revenue to date and has been listed in the ten best vegan BBQ spots in USA Today. Toriano Gordon founded Vegan Mob in January 2019. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $618,000. The campaign proceeds will be used for working capital, marketing, and hiring a full-time Chief Financial Officer.
Investment Overview
Not Funded: $32,944
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -49% YoY
- $1,745,054
- Monthly Burn
- $24,924
-
Runway
- 4.2 months
- Gross Margin
- 72%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $292,833
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/26/2024 | Wefunder | $25,000,000 | $32,944 | Convertible Note | Not Funded | RegCF |
04/30/2022 | Wefunder | $20,000,000 | $299,043 | SAFE | Funded | RegCF |
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
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Founder Profile
Rapper to Restaurateur: Toriano Gordon’s Culinary Revolution with Vegan Mob
Born in Oakland, California, Vegan Mob is a vegan barbecue restaurant created by rapper Toriano Gordon. Toriano created a brand to diversify the vegan options, offering barbecue lovers a healthier and more ethical way to eat their favorite dish.Toriano just opened a restaurant in San Francisco. He is also launching a franchise and retail products. We reached out to him to learn more about his unique offering.