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Security Type
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CAFES
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Categories
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Consumer Goods & Products, Retail, Childcare, VC-Backed
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Min Investment
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$100
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Expected Close Date
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April 30, 2025
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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
- 0
- Cash
- $35,049
- Revenue
- $0
- Short Term Debt
- $499,890
- Cost of Goods
- $0
- Long Term Debt
- $125,000
- Net Income
- $-483,445
Key Deal Facts
Award winning neonatal founders with 2+ decades experience feeding infants and helping parents
Raised $150K in NIH funds and top four finalist invited to present at NIH Proof-of-Concept showcase
Winner of 5 pitch competitions, totaling over $130K in non-dilutive funding
Baby-ready MVP built and currently being tested by parents in an alpha trial
Celebrated with 2,000+ likes/comments/shares from parents and supporters on announcement of waitlist
Approaching 300 signups on pre-launch waitlist campaign at LullaFeed.com
Backed by Render Capital, Kentucky Science and Technology Corporation, 7 neonatologists, & 13 angels
1 granted patent and 1 pending patent
Management Team / Advisory Board Bios
Michael Detmer Chief Executive OfficerBoard-certified music therapist with neonatal intensive care unit (NICU) specialty, 8+ years clinical and research experience on infant behavior and development + serving as principal investigator on multiple clinical studies., Rebekah GossomChief Clinical OfficerSpeech-language pathologist and infant feeding specialist with 20+ years full-time experience feeding infants and helping parents in the neonatal intensive care unit (NICU) and outpatient feeding clinic.
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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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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.