This company is no longer in business. Investors can get details about any potential exits or failures here.
FIREPIE
Growth Stage
Artisan wood-fired pizza delivered in 15 minutes - The new way
Overview
Raised: $60,669
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/15/2020
Close Date
04/29/2020
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$4,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/02/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,379
# of Investors
143
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
FIREPIE, with a valuation cap of $4.5 million, is raising funds on WeFunder. The company, doing business as Fast Fresh, Inc., makes artisan wood-fired pizzas and delivers them in 15 minutes. The logistics of FIREPIE work through portable kitchen facilities, equipped with large Italian wood-burning ovens and deployed close to densely populated high demand areas. FIREPIE was founded by Rick Richman in 2015 and has raised over $450,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $107,000, will be used towards marketing spend, street teams, technology upgrades, and operating capital. FIREPIE has 50% faster average delivery time compared to the third-party platforms and reached $1.1 million in revenues for 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,282,750 |
$1,037,724 |
|
COGS |
$1,005,004 |
$571,965 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-290,320 |
$-131,075 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,042 |
$4,271 |
|
Accounts Receivable |
$0 |
$14,493 |
|
Total Assets |
$191,173 |
$142,757 |
|
Short-Term Debt |
$198,226 |
$102,703 |
|
Long-Term Debt |
$605,572 |
$362,327 |
|
Total Liabilities |
$803,798 |
$465,030 |
Financials as of: 03/15/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.