Overview
Raised: $27,100
Total Commitments ($USD)
Platform
MainVest
Start Date
06/08/2021
Close Date
08/09/2021
Min. Goal
$20,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$444
# of Investors
40
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Glow Worm Play Cafe, an upcoming play cafe in Louisville, KY, is raising funds on MainVest. The business will combine indoor play, cafe, bakery, retail, and community classes and events. The play cafe will cater to children under the age of six and help them let loose with the caregivers. The cafe, bakery, and community classes will be open not just to parents but to everyone. Katie Read founded Glow Worm Play Cafe in April 2021. The proceeds of the current crowdfunding round, with a minimum goal of $20,000 and a maximum goal of $75,000, will be used for space buildout and operating capital. Glow Worm Play Cafe will offer unique services to women with young children, allowing them to eat and shop with their kids in the play cafe.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/08/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Glow Worm Play Cafe | 10/19/2022 | MainVest | - | $35,500 | Revenue Share | Not Funded | RegCF |
| Glow Worm Play Cafe | 03/24/2022 | MainVest | - | $20,000 | Revenue Share | Funded | RegCF |
| Glow Worm Play Cafe | 08/08/2021 | MainVest | - | $27,100 | Revenue Share | Funded | RegCF |
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