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Security Type
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CAFES
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Categories
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Technology, Social Impact, Financial Services
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Min Investment
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$100
Company Description
✈️ 800+ successful deliveries serving 40+ health centers flying more than 25,000 miles.
🤝 $10 million exclusive nation wide medical drone delivery contract to serve 25+ million people
💰 $600k from prepaying customers
📈 $60k in revenue over 5 months despite COVID
🚀 $2.4M ARR projected in 2022
📝 Second company in the world to receive nation wide drone operation license
🔥 Fast growing market with 53.8% CAGR projected to reach $39 billion by 2030
Management Team / Advisory Board Bios
Brook Y Ayalneh Co-founder & CEONational Research and Innovation award/ grant recipient for his work on development of UAVs (Ethiopia) , Founded digital health start-up with more than 2 million users, Developed agriculture drones for Government of Ethiopia., Mohammed Ahmed CTONational Research and Innovation award/ grant recipient for his work on development of UAVs (Ethiopia) , Founded digital health start-up with more than 2 million users, AI & Blockchain adoption advisor for government of Ethiopia., Bitiya Samuel COOStanford Alumni, Drone Enthusiast, Previous operations head for ICare Ethiopia
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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.
