- Security Type
- CAFES
- Categories
- Technology, Retail, Food and Bev, Marketplace, App
- Min Investment
- $100
- Location
-
Santa Fe, NM
- Expected Close Date
- April 30, 2023
- Amount Raised
- $146,701
- Target Raise
- $50K-$1M
- No. Investors
- 13
- Security Price
- $1
- Number of Employees
- 1
- Cash
- $75,124
- Revenue
- $995,317
- Short Term Debt
- $425
- Cost of Goods
- $366,583
- Long Term Debt
- $0
- Net Income
- $-443,263
Key Deal Facts
🤑$3M in revenue and 60,000 deliveries completed to date
📈100% organic-word-of-mouth growth > ($0 ad spend)
🚀Founder and team are a diverse group of serial entrepreneurs who have started and exited several companies
💪$3M previously raised
⭐️Only premium concierge available | We pick up / drop off groceries, alcohol, laundry, food & more!
⚡️Fetch Delivery is the only platform offering pick up and drop off to all local businesses
🙌 Fetch Delivery gross bookings were up 28.9% Q1 2022 over Q4 2021
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.