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Security Type
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CAFES
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Categories
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Technology, Financial Services, VC-Backed
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Min Investment
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$500
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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-$1.24M
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No. Investors
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34
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Security Price
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$1
- Number of Employees
- 7
- Cash
- $61,481
- Revenue
- $62,490
- Short Term Debt
- $64,763
- Cost of Goods
- $205,334
- Long Term Debt
- $2,950,000
- Net Income
- $-1,626,376
Key Deal Facts
Backed by top tier VC, Bessemer Venture Partners. Investor in LinkedIn, Shopify, Pinterest & more.
Founder has 14 years of startup CEO experience. Has two previous exits, VC backed.
Product market fit achieved. 12K user in one year with little marketing, 60 vendors on platform.
Average order value went from $20 to $40 in 3 months as users trust platform and merchants.
Founder has domain experience, managed 950 person team at REEF Technology doing last mile delivery.
Big market, 3B deliveries made per year and growing fast.
Founder was a VC at USVP, a top tier firm. Stanford engineering graduate. Stanford MBA graduate.
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, Baris Karadogan Founder & CEO14 years CEO experience, two exits. Was a VC for 10 years at USVP, top tier VC firm. Stanford Electrical Engineering degree and Stanford MBA degree. Avid birder, tennis player., Danielle Zotter Marketing & Operations LeadOver 15 years in digital marketing and brand partnerships at Wanderlust and DeLeon., Ahmet KiziltanEngineering LeadFifteen years of mobile software development, including for big public carriers like Turkcell, and conglomerates like Ulker, Vestel & Dogus.
Amount Raised
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$1,228,700
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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.