Zest
About this raise
Zest, with a valuation of $10 million, is raising funds on Republic. The company has developed an app to learn cooking through personalized culinary mentors and best friends. Zest provides comprehensive education about cooking, including information about grocery stores and clean up, and creates a habit of cooking. The app has reported a 1,000% growth in the past six months and has accumulated 25 million views on its brand videos. Jake Gutstein, Amrit Saini, Savannah Cooper, and Graham Kirstein founded Zest in June 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for the development of social and network effects, app development, augmenting app content, and marketing.
Investment Overview
Invested : $94,590
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 03/23/2023
- Close Date
- 06/08/2023
$25,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$10,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$25,527
as of FY2022
- Monthly Burn
-
$4,219
as of FY2022
-
Runway
-
24+ months
as of FY2022
- Gross Margin
-
72%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $265,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/08/2023 | Republic | $10,000,000 | $94,590 | SAFE | Funded | RegCF |