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Security Type
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CAFES
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Categories
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Technology, Financial Services, Retail, VC-Backed, Fast Growth
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Min Investment
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$500
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Location
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Los Angeles, , CA
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No. Investors
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351
Key Deal Facts
$1.3M run rate & 5x monthly revenue since January 2024
$30M warehouse debt facility closed in Nov 2024
1,500+ 5 star reviews on App Store & Google Play
250k+ personal finance lessons completed
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, Fast Growth
Revenue growing 2X/yr for at least prior 6 months, Ryan Duitch CEORyan is a repeat VC-backed founder previously starting Field Day. Before getting his MBA from USC Marshall his career began in wealth management and financial planning., Luke Pelullo COOLuke is a multiple time founder and has been in fintech for over 12 years. He was an early employee and VP at Virtual Piggy (Oink), and formerly Head of Global Operations for HyperloopTT and co-founder of Switch before co-founding Arro., Abby Butkus VP of StrategyAbby is an impact VC with over 15 years of experience driving innovation in fintech & social impact. She has led startup accelerator programs and scaled social enterprises like One Acre Fund across Africa.
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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.