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Security Type
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CAFES
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Categories
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Retail, Financial Services, Food & Bev, Technology, Community & Lifestyle, Food & Beverage, Other
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Min Investment
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$200
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$500.00K
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $63,678
- Revenue
- $0
- Short Term Debt
- $11,893
- Cost of Goods
- $0
- Long Term Debt
- $243,750
- Net Income
- $-94,602
Key Deal Facts
🤝 20+ kiosks waitlisted for production with grocers via signed Letters of Intent (LOIs)
🟥 CTO is Co-Inventor of RedBox. Founding team from GE, Pepsi, LG, LA Cleantech Incubator
✨ Innovator in the Reuse Catalyst Cohort with activators like Target, Walmart, Unilever, Nestle
♻️ Our patented refill technology is a real solution to the plastic crisis
🤑 5x more efficient and fits 30% more product vs traditional bulk aisle
🦠 Seamless, 100% hygienic shopping experience
🤑 $230B TAM in the US for dry consumer products market
🇨🇴 Latinx & female-founded company based in Los Angeles
Management Team / Advisory Board Bios
Camilo Giraldo Co-Founder & CEOThe visionary. Chemical engineer turned eco entrepreneur. Launched LA Cleantech Incubator’s Advanced Prototyping Center to equip startups with hardware. 10+ years bringing ideas to manufacturing with a mission to foster sustainability in the climate era., Kathy Silva Co-Founder & COOThe integrator. Hates plastic waste and loves food. On a mission to transform our food system from wasteful to sustainable, regenerative, and equitable. 10+ years experience bringing hardware ideas into reality. Former manufacturing engineer at GE., Philip Tomasi Co-Founder & CTOThe inventor. Co-Inventor of RedBox DVD kiosks. 40+ years of product development experience and multiple patents. Built a career designing plastic into products and is now designing a plastic-free legacy for future generations.
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Management Team
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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.