Ujama Inc.

Soko is the Farmers’ Market App, spreading the goodness of farmers’ markets to the world.

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Form C
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Security Type
CAFES
Categories
Technology, Retail, Financial Services, Food & Bev, Community & Lifestyle
Min Investment
$100
Location
Cupertino, CA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$107.00K
No. Investors
59
Security Price
$1
Website
sokoapp.co
Number of Employees
3
Cash
$21,328
Revenue
$0
Short Term Debt
$75,908
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-159,837

Key Deal Facts

Farmers' markets are popular and growing (grew by 63% from 1994 to 2000)
The 8,600 farmers' markets in the US make $1.5B annual revenue and host 150K vendors.
Farmers' markets largely operate without the benefit of modern eCommerce and CRM tools.
Soko helps farmers' markets and the people that sell there thrive and grow.

Management Team / Advisory Board Bios

Hugh Molotsi Founder and CEOFormer VP of Innovation and Engineering Fellow at Intuit.

He helped launch Intuit's $1B+ payments business and several other small business products and services., Padmaja Tarra Head of ProductPassionate product person always looking at easy, intuitive and elegant tools to solve consumer problems., Ken Toren Head of Business DevelopmentKen Toren has held a variety of executive roles as CEO, co-founder, Board Member, advisor and investor in companies/organizations ranging from enterprise and consumer technology to mobile apps, healthcare, and major non-profits., Heather Anderson Head of MarketingI'm a marketing expert who specializes in brand strategy, strategic partnerships, user acquisition and user experience for consumer-facing brands and technology.
Amount Raised : $70,000
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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.

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