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Security Type
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CAFES
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Categories
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Technology, Retail, Financial Services, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$250.00K
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No. Investors
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82
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $980
- Revenue
- $50
- Short Term Debt
- $41,341
- Cost of Goods
- $0
- Long Term Debt
- $96,665
- Net Income
- $-55,515
Company Description
π± Recently sprouted in December 2020 and already grown to 7 states and 6 countries
πͺ΄ Two pilot programs in Virginia and Maryland to introduce mobile E-Commerce to plant shops.
π₯ Yahoo Finance listed Bloomcatch as a 2021 Top Startup to watch
β€οΈ Bloomcatch's goal is to help children enjoy nature and partners with charities with the same goal
π§πΏβπRecent graduate of the NewChip Accelerator. The #1 Online Global Accelerator
πΎ Chief Technology Officer is a solutions architect with experience from start-ups to Fortune 50
πΊ Award-Winning Director that has worked with Discovery Channel, ESPN, Fox, PBS, and many others
Key Deal Facts
π± Recently sprouted in December 2020 and already grown to 7 states and 6 countries
πͺ΄ Two pilot programs in Virginia and Maryland to introduce mobile E-Commerce to plant shops.
π₯ Yahoo Finance listed Bloomcatch as a 2021 Top Startup to watch
β€οΈ Bloomcatch's goal is to help children enjoy nature and partners with charities with the same goal
π§πΏβπRecent graduate of the NewChip Accelerator. The #1 Online Global Accelerator
πΎ Chief Technology Officer is a solutions architect with experience from start-ups to Fortune 50
πΊ Award-Winning Director that has worked with Discovery Channel, ESPN, Fox, PBS, and many others
Management Team / Advisory Board Bios
Raymond Magee CEO/FounderSuccessfully prelaunched the product in December 2020.
Successful Kickstarter campaign from friends and family.
Successful $50K raise from friends and family in 2020.
Successful acquisition of lead investor, Center for Innovative Technology, Radu Grama Chief Technology OfficerSuccessfully prelaunched the app on the app store and google playstore in December 2020.
Completely rebuilt the product (front and back-end) during the pandemic to ensure it can scale successfully., Dara Padwo-Audick Director of Marketing & CommunicationsSuccessfully revamped the entire company's website and created a funnel for new user acquisition. Successfully grew the company's online following from 60 members to over 1000.
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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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.
