Dispatch Goods

Deal To Watch
BETA

App-based reusable food container company that reduces plastic waste

Analytics

Raised to Date: $79,302

Aggregate Commitments $
Platform

Republic

Start Date

02/03/2020

Close Date

05/20/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

05/31/2020

Days Remaining
Funded
% of Min. Goal

317%

% of Max. Goal

7%

Likelihood of Max
Funded
Avg. Daily Raise

$741

# of Investors

239

Momentum
Funded
Location
Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Dispatch Goods, with a $4 million valuation cap, is raising funds on Republic. The company manufactures and sells reusable food containers for restaurants, reducing the use of plastic. Dispatch Goods is app-based and partners directly with the restaurants to supply stainless steel reusable containers. The boxes are delivered and then collected, washed, and returned to the partners. Dispatch Goods was founded by Lindsey Hoell and Adam Boostrom in July 2019. The current round of crowdfunding of the company has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to expand the product offerings throughout California and other cities of the United States. Dispatch Goods is launching in March 2020 with two paid corporate clients and has over 15 large corporate deals in the pipeline.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-26,727

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,273

$0

Accounts Receivable

$0

$0

Total Assets

$1,273

$0

Short-Term Debt

$3,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$3,000

$0

Ratings

last updated 08/23/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

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