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Security Type
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Debt
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Categories
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Retail, Technology, Food & Bev
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Min Investment
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$100
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Offering Date
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September 25, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$250.00K
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No. Investors
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42
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Security Price
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$1
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Valuation
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$11,000,000
- Number of Employees
- 2
- Cash
- $128,809
- Revenue
- $0
- Short Term Debt
- $29,135
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-402,616
Company Description
Spoonful is one part technology, two parts dietary expertise. We know how tricky dieting can be, and that's why we've assembled an international team of clinical experts to help you find great products and take control of your health.
Key Deal Facts
80k app installs (50k this year) and a 4.8 rating across 1.6k reviews
Precursor Ventures, Alumni Ventures Group, and other notable institutionals already on board.
Strong board comprised of leading dietitians, MDs, and clinical nutritionists.
Both founders follow a special diet and are close with the users they support
$0.31 cost per acquisition in a market with 3B potential customers
Management Team / Advisory Board Bios
Deepa Krishnan, CEO at Spoonful
Tech exec with 10+ years experience building Data Platforms and leading Product teams. Former Head of Business Development at F50 company. Ran M&A of data company to Salesforce for $175M.
Sam Laber, CMO at Spoonful
Marketing leader with 10 years building and growing startups. Former Director of Marketing at Datanyze (acq. Zoominfo).
Joeman Fong, Founding Engineer at Spoonful
Full-Stack Engineer with 5+ years building web and mobile apps.
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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
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.