GravyStack

The bank account for kids that plays like a game.

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Form C
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Security Type
CAFES
Categories
Technology, Retail, Financial Services
Min Investment
$100
Location
Phoenix, AZ
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
136
Security Price
$1
Website
gravystack.com
Number of Employees
20
Cash
$3,806,139
Revenue
$3,225
Short Term Debt
$37,801
Cost of Goods
$170,420
Long Term Debt
$4,360,245
Net Income
$-5,631,363

Key Deal Facts

Raised $10M from notable VCs, including Altrus Capital - Last $4m at $43m valuation
Stellar Leadership: We are a team of family-focused business and subject matter experts.
Kids In Focus: We are in this to change the world, one kid at a time
Kids Love It: 4.5/5 avg star ratings from kids and teens for Levels 1 - 5 (Save, Earn, Spend, Share)
CEO Justin Dearborn led Merge Healthcare (NASDAQ:MRGE) from $10m EV to sale to IBM for $1b
An extensive and growing IP portfolio, including 30 pending patent applications

Management Team / Advisory Board Bios

Scott Donnell FounderSpeaker, author and family coach. Founder of Apex Leadership Co, Hapbee, and My First Sale. 6 million kids served, Franchise 500 Entrepreneur, Travis Adams Co-FounderCo-founded Apex, which has given 31+ million live lessons to schools nationwide. With 14+ years owning a youth summer camp and scaling a financial advisory business, he deeply understands families and money., Justin Dearborn CEOFormer Chairman & CEO Tribune Publishing, PatientBond, Inc. and Chief Operating Officer at ICM Partners. Raised two financially independent daughters., Gary Arnold Chief Banking OfficerBuilt Amazon Pay and led the creation of the PayPal
Commerce Platform. Father of 3 and Silicon Valley survivor., Stephanie McDaniel COOExtensive experience leading tech, digital education, and business platforms successfully through the startup phase and on to the growth stage. Mother of 3 and avid gardener.
Amount Raised : $4,784,246
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Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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