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Security Type
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CAFES
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Categories
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Technology, Financial Services, Food & Beverage, Retail, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$500.00K-$1.24M
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Security Price
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$1
- Number of Employees
- 51
- Cash
- $6,712,727
- Revenue
- $2,169
- Short Term Debt
- $579,001
- Cost of Goods
- $0
- Long Term Debt
- $354,272
- Net Income
- $-9,851,615
Key Deal Facts
Stellar has built the end-to-end automated, mobile restaurant
Over 48,000 pizzas served to date
Launched to market in 2023 and grew to 12,000 customers in the first 6 months of operating
Two Trucks operating in Los Angeles with a third on the way
No low performing locations, we meet demand where it is
Industry leading expertise from SpaceX, Lucid Motors, Dave’s Hot Chicken, Sweetgreen & Jersey Mike’s
Previously raised over $25m in Series A and Seed funding
Featured in Bloomberg, LA Times, Business Insider, Fast Company, Forbes, The Restaurant Times & more
Management Team / Advisory Board Bios
Marcy Venture Partners, Root Ventures, Crosslink Capital, Collaborative FundBack entrepreneurs, businesses, and protocols pushing the world forward, Benson Tsai CEO & CofounderBenson Co-Founded Motiv Power Systems, which was awarded Fast Company’s “World Changing Ideas Award” for transportation in 2019. He went on to design luxury cars at Lucid Motors and batteries at SpaceX. Benson was the 2023 Pizza Expo Keynote speaker., James Wahawisan COO & CofounderJames spent six years at SpaceX as the responsible engineer for launch vehicle batteries. While at Carnegie Mellon he spent four years working and performing research in the Biorobotics lab., Brian Langone CTO & CofounderBrian spent six years at SpaceX as a Mechanical Engineer. Brian led the design of various mechanical & battery projects and spearheaded the certification process with NASA and Air Force technical regulators., James McGeheeCFO (Fractional)James is a 30-year industry executive having held senior positions for Dave’s Hot Chicken, Blaze Pizza, The Habit Burger, Mendocino Farms, Wetzel’s Pretzels, and more. He is currently the CFO of Dave’s Hot Chicken., Josh VillbrandtHead of SoftwareJosh spent seven years at SpaceX developing software to automate the design of avionics systems. He later joined inVia Robotics and developed their Automated Storage and Retrieval System. Josh also sits on the board of Blue Robotics.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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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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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.
