COLORS: Oakland

Neutral
BETA

Oakland restaurant advancing livable wage opportunities in the industry

Analytics

Raised to Date: $29,611

Aggregate Commitments $
Platform

Wefunder

Start Date

02/14/2020

Close Date

12/05/2020

Min. Goal

$200,000

Max. Goal

$350,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$2,000,000

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

47

% of Min. Goal

15%

% of Max. Goal

8%

Likelihood of Max
Avg. Daily Raise

$120

# of Investors

34

Momentum
Location
Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

COLORS: Oakland, with a pre-money valuation of $2 million, is raising funds on WeFunder. It is both a restaurant and mission-driven enterprise aimed at the professional development of staff and students. COLORS: Oakland is expected to open in April 2020 in Oakland, California. It will serve Afro-Latinx food and will be a part of the Restore Oakland center. COLORS: Oakland was founded by Saru Jayaraman. The proceeds of the current round of crowdfunding, with a minimum target of $200,000 and a maximum target of $350,000, will be used towards pre-opening expenses, development of food and cocktail menus, operating capital, and furniture, fixtures, and equipment. The owners of COLORS: Oakland are the landlords of their building and are offering both a restaurant and training programs.

Ratings

last updated 10/18/2020

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