Vegan Mob

Vegan Mob

Closed: Apr. 2024

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.

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Investment Overview

Not Funded: $32,944

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
08/21/2023
Close Date
04/26/2024
Min. Goal
$50,000
Max Goal
$618,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$22,000,000

Valuation Cap

$25,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Oakland, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
46
Prior Founder Exits?
No
Founder Name
Toriano Gordon
Title
Founder, CEO

Financials

as of Fiscal Year 2022
 Revenue -49% YoY
$1,745,054
 Monthly Burn
$24,924
 Runway
4.2 months
Gross Margin
72%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,745,054

$3,387,225

COGS

$484,571

$1,567,669

Tax

$0

$0

 

 

Net Income

$-299,083

$-646,802

Summary Balance Sheet

FY 2022 FY 2021

Cash

$105,733

$37,698

Accounts Receivable

$0

$0

Total Assets

$284,195

$520,827

Short-Term Debt

$1,371,475

$983,324

Long-Term Debt

$229,885

$443,227

Total Liabilities

$1,601,360

$1,426,551

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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
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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

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.

Read Founder Interview

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Add to portfolio
Vegan Mob on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $25,000,000

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Follow Vegan Mob on Wefunder 2023

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Warning: according to the close date for this deal, Vegan Mob may no longer be accepting investments.

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