COLORS: Oakland on Wefunder

Oakland restaurant advancing livable wage opportunities in the industry

Raise to date: $24,111

Reporting Date: 04/08/2020

Key Stats

Minimum Raise

$200,000

Maximum Raise

$350,000

Likelihood of Max Unlikely
Start Date

02/14/2020

Stop Date

04/30/2020

Days Remaining

20

Security Type

Common Stock

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

25

% of Minimum Raised

12%

% of Maximum Raised

7%

Dollars Per Day to Reach Max

$16,294

DPD* Committed

$447

DPD* Category

$0

DPD* All Companies

$907

Kingscrowd Momentum

$24,111

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

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.

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