Groundfloor

Platform curing loneliness and reconnecting humanity

Print
Claim My Business
Security Type
CAFES
Categories
Technology, Other, VC-Backed, Repeat Founder
Min Investment
$100
Location
Dover, DE
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$1.24M
No. Investors
221
Security Price
$1
Number of Employees
11
Cash
$422,380
Revenue
$1,371,548
Short Term Debt
$334,717
Cost of Goods
$53,160
Long Term Debt
$2,495,502
Net Income
$-1,401,986

Key Deal Facts

$2M revenue run rate, up 189% from 2022
4 locations opened in under 2 years
$3M from investors including 2048 Ventures, Vitalize, Jacob Jaber, (Co-Founder of Philz Coffee)
Profitable locations with 70% gross margins
1.4K members in current locations, growing 20% MoM
Proprietary technology including friendship matching algorithm
Featured in Forbes, The Information, San Francisco Chronicle, LA Times and more

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Founder has started a previous company funded with $2M+, Jamie Snedden Co-Founder & CEOTrained architect, Fulbright Scholar, 2nd time founder, Jermaine Ijieh Co-Founder & CPOCommunity builder, Product and data lover, 2nd time founder, Leutrim Rexhepi Co-Founder & CTOFull-stack developer, 12+ years experience, 3rd time founder
Amount Raised : $708,693
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
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
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.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments