Manna

Manna

Manna is the ultimate recipe app, digital kitchen tool, and cooking community.

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Security Type
SAFE
Categories
Food & Bev
Min Investment
$25
Location
New York, NY
Offering Date
August 07, 2020
Expected Close Date
December 03, 2020
Target Raise
$200.00K-$1.07M
Deal Notes

Discount: 25%

Company Description

We developed an iOS mobile application called Manna, with the goal of building a platform dedicated to food and home cooking. Our goal is to make home cooking a simpler, more streamlined experience for our users, as well as to give them a platform to share their creations with other food lovers. Manna’s proprietary technology gives power to the user and bridges the gap between recipe content, discovery, utility and community. We want to change the food app space. Right now people are forced to have a variety of different apps to have a cohesive experience in the kitchen. Our goal is to become the universal destination for the millions of home cooks across America and the world. Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Perks

Invest $250+ for Quarterly investor email updates on Manna progress, business development and user growth.
$500+ Monthly investor newsletter with exclusive look into the business and features in development.
$1,000+ Video chat with the founders.
$2,500+ Verified check mark in app. Special early release on new features
$10,000+ Yearly Manna Investor conference. Featured on Manna website as early contributor. One raffle ticket for Manna donation to charity of your choice
$25,000+ 5 raffle tickets for Manna donation to charity of your choice.
Invest $250+ for Quarterly investor email updates on Manna progress, business development and user growth.
$500+ Monthly investor newsletter with exclusive look into the business and features in development.
$1,000+ Video chat with the founders.
$2,500+ Verified check mark in app. Special early release on new features
$10,000+ Yearly Manna Investor conference. Featured on Manna website as early contributor. One raffle ticket for Manna donation to charity of your choice
$25,000+ 5 raffle tickets for Manna donation to charity of your choice.

Key Deal Facts

77% of Americans prefer to eat at home than to go out. This is more relevant now than ever.
Manna is driven by young ambitious founders, with the leadership of a CEO with 40 years experience.
Our brand is built by Graj and Gustavsen, which has 30 years of experience working with top brands.
52% of people ordered groceries online in the past 12 months, up from 36.8% in 2019, 23.1% in 2018.
Every line of code was conceived and built by our CTO. The app is ready to scale at any time.
Our proprietary scanner allows users to grab recipes from almost anywhere and customize them.
Manna's advisory board consists of chefs, marketing experts, food executives and seasoned investors.
Manna has a diversity of revenue streams. Unlike many tech companies, profitability comes first.

Use of Proceeds

If $200,000 is raised

  • 92.5% of proceeds towards hiring full-time employees and expanding development team
  • 7.5% towards Wefunder fees.

If $500,000 is raised

  • 37.5% for user acquisition and marketing
  • 37.5% for expanding Manna development and operations team
  • 17.5% for content creation and building partnerships/business development
  • 7.5% towards Wefunder fees.

If $1,070,000 is raised

  • 37.5% for user acquisition and marketing
  • 37.5% for expanding Manna development and operations team
  • 17.5% for content creation and building partnerships/business development
  • 7.5% towards Wefunder fees.

Management Team / Advisory Board Bios

David Greenstein - Co-Founder, CEO
Serial entrepreneur. Career CEO. Brand incubation expert.

Joshua Abady - Co-Founder, COO
Professional poker player. Teacher. Chess lover.

Rachel Abady - Co-Founder, CMO
Editor. Creative strategist. Community expert.

Guy Greenstein - Co-Founder, CTO
Professional nerd. Software engineer. Mobile app developer.

Alex Margaritas - Director, QA Engineering
Tech nerd always looking for more tech knowledge.

Simo Ferraro - User Experience Designer
Interface and interaction design, brand and visual identity, animation and prototyping.

Kyle Garb - Brand Designer & Creative Strategist
Developing brand direction and market strategies through design ideation, mockups, and market analysis.

Deal Notes

Discount: 25%

Amount Raised : $148,689
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Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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