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Security Type
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Non-Voting Equity
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Min Investment
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$250
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Offering Date
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February 13, 2023
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Expected Close Date
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April 14, 2023
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Target Raise
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$15.00K-$750.00K
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No. Investors
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23
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Security Price
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$0.70
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Valuation
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$3,500,000
- Number of Employees
- 2
- Cash
- $12,257
- Revenue
- $0
- Short Term Debt
- $2,335
- Cost of Goods
- $0
- Long Term Debt
- $130,000
- Net Income
- $-80,077
Company Description
Hipchefs is a B2B software company that services the growing ‘heat and eat’ meal prep industry. We support chefs to create and scale their local commerce businesses of neighbors cooking for neighbors. We have developed and soft-launched our MVP and are ready to market to the public.
Key Deal Facts
BUILT FOR CHEFS BY CHEFS: We empower chefs to grow their small businesses by reducing time spent on administrative tasks by 60%, letting entrepreneurs focus on what matters most– growing their businesses. We leverage intellectual property and domain experience from Hipcooks Cooking Schools with 100,000 students as a jumping-off point for customer acquisition.
A NEW AND GROWING MARKET: The US ’heat and eat’ meal prep market is $4.5B as of 2022,* with 25,000 personal chefs in the US,* and about 100,000 informal food operators in California.*
HIPCHEFS FOR IMPACT: We aim to help small businesses predominantly owned by women and people of color, build community, and advance sustainability by promoting hyper-local commerce.
Management Team / Advisory Board Bios
Jessica CookeCo-Founder, CEOJesse Cooke is a co-Founder and CEO of HipChefs. With over 20 years of business development, strategic partnerships, and developing operational efficiency, Jesse has a proven track record of building multi billion dollar relationships. She is considered a trusted advisor amongst business partners, and a problem solver for organizations.
Monika RetiCo-Founder, Head of ProductMonika Reti is a co-Founder, Board Chair, and Head of Product for HipChefs. She began her career earning a Masters of Economics from the LSE and working as an senior quantitative analyst at the RAND Corporation. In 2004, she became a successful entrepreneur by founding Hipcooks, which became a top-rated chain of recreational cooking schools. As Head of Product, Monika brings deep domain experience and a powerhouse of information and industry knowledge. HipChefs is built by cooks, for cooks., Sam AlexanderTechnology AdvisorSoftware architect for startups. Clients include Nike, FritoLay, Intel, Dr. Bronner's, Digital Trends.