Whatz2Eat
Early Stage
A mobile app that helps people cook using food they only have on hand
Overview
Raised: $57,940
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/28/2023
Close Date
11/30/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$6,500,000
Valuation Cap
$7,500,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/02/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$376
# of Investors
33
Momentum
Funded
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Whatz2Eat, with a valuation of $7.5 million, is raising funds on Wefunder. It is a mobile app that helps people cook meals using the food they have on hand. The swipe screen of the app enables users to indicate when they need to eat and for how many guests and curates five meal ideas to choose from. Whatz2Eat’s Food Image to Recipe technology is 99% accurate and consists of over 1 million verified recipes. Richard DeRose and Deirdre DeRose founded Whatz2Eat in February 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology development, marketing, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-67,232 |
$-51,568 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$802 |
$694 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,867 |
$2,068 |
|
Short-Term Debt |
$79,267 |
$9,236 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$79,267 |
$9,236 |
Financials as of: 06/28/2023
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