AppApp on Wefunder

Complimentary appetizers whenever you dine out

Raise to date: $169,855

Reporting Date: 03/31/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$278,766

Likelihood of Max Unlikely
Start Date

11/14/2019

Stop Date

03/06/2020

Days Remaining

Closed

Security Type

SAFE

Investment Minimum

$250

Deal Type

No Review


Investment Summary

Status

Confirmed Closed

# of Investors

464

% of Minimum Raised

340%

% of Maximum Raised

61%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$1,503

DPD* Category

$0

DPD* All Companies

$1,142

Kingscrowd Momentum

$169,855

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

AppApp, with no valuation cap, is raising funds on WeFunder. The application offers free appetizers to users when they dine out at the partner restaurants. AppApp provides instant rewards to consumers while keeping the costs down for restaurant owners. AppApp was launched in 2018 by Todd Folk and Nick Ludwig; however, it received a cold response at TechDay 2018. The team then rethought, redesigned, and restarted the application and raised $250,000 in its first round of crowdfunding in May 2019. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $278,766, and the funds will be used for marketing, continued app development, salaries, and other expenses. AppApp has already partnered with more than 90 restaurants in New York City and has over 250 monthly active users.

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