Overview
Raised: $20,000
Total Commitments ($USD)
Platform
MainVest
Start Date
01/25/2022
Close Date
03/25/2022
Min. Goal
$10,000
Max. Goal
$20,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$345
# of Investors
45
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Glow Worm Play Cafe is raising funds on MainVest. The business runs an indoor play area, a cafe, a bakery, community classes, and events. The play cafe provides a safe, clean, and fun environment for kids under the age of six while their caregivers can connect and work in the lounge area. The community classes and events of Glow Worm Play Cafe are open to everyone and are welcoming and inclusive. Kathryn Read founded Glow Worm Play Cafe in April 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $20,000. The campaign proceeds will be used for operating capital.
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: 01/25/2022
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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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