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Security Type
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CAFES
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Categories
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Technology, Community & Lifestyle, Service Businesses, Other, Financial Services, Retail
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Min Investment
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$100
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Location
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San Francisco, CA
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Expected Close Date
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April 29, 2024
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Target Raise
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$200.00K-$2.10M
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No. Investors
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1
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Security Price
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$1
- Number of Employees
- 12
- Cash
- $3,834,044
- Revenue
- $109,143
- Short Term Debt
- $236,225
- Cost of Goods
- $0
- Long Term Debt
- $29,500
- Net Income
- $-2,126,651
Key Deal Facts
$1.5M annual recurring revenue (ARR) in signed contracts
17,000+ customers served
Month-over-month ARR growth of 35% since March 2023
Robots deployed in NYC, Miami, DC, Beverly Hills and the Bay Area
10,000 inbound partnership requests representing 40,000 locations for our robots
Leadership team from Dropbox, Nvidia, e.l.f., Clorox, Uber & Toyota
Backed by Initialized Capital, Pipeline Capital, Co-founder of Dropbox & former CMO of Sephora
Management Team / Advisory Board Bios
Arash FerdowsiCo-founder & former CTO of Dropbox., Balaji SrinivasanFormer CTO in Coinbase, & Andreessen Horowitz partner., XFactor VenturesCapital for female-founded start-ups with potential., Julie BornsteinFormer COO of Stitch Fix; CMO at Sephora., Alison RiskeProfessional tennis player., Dawn DobrasFormer CEO of Credo Beauty., Pipeline CapitalPrevious investments include Cruise, Twitch, Webflow., Modern Venture PartnersMVP Ventures: Partnering with elite tech startups., Initialized CapitalFounded by Y Combinator CEO and Reddit Founder., Renuka Apte CEO & Co-FounderBusiness and technical whiz. 15 years industry experience. Led infrastructure teams at Dropbox building product that impacted 700M users and used over 1B times daily. Early committer to Openstack. Ex-NVIDIA. MS from GA Tech., Aaron Feldstein CTO & Co-FounderEngineering ace. 11 years experience in AI and infrastructure at all stages of the product life-cycle. Tech lead for Dropbox product that drove $100M+ in revenue annually. Open source contributor and code area owner., Erik Sunden Founding EngineerScale pro. 20 years experience scaling ideas into products. Ex-Solyndra, Nanosys, Arevo Labs. MS & BS from GA Tech., Mara McCune CMOMarketing genius. 20+ years experience building brands. Built online community of 4M and led $450M CPG brand. Ex- e.l.f., Clorox, Robert W. Baird & Co. BA from Northwestern.
Amount Raised
:
$7,041,713
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
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.