Mellow
Early Stage
A sous-vide machine that will cook your meals without the need of you being there to cook it.
Overview
Raised: $0
Total Commitments ($USD)
Platform
SeedInvest
Start Date
05/21/2020
Close Date
07/14/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/25/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Mellow, with a $3 million valuation cap, is raising funds on SeedInvest. The company has created a device that works as the sous-chef and cooks using the sous-vide technique on the countertop. The technique ensures that the ingredients are neither undercooked nor overcooked, and uses energy efficiently. Mellow was founded by Vanessa Dominguez and Zalmi Duchman in 2018. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used for product development, industrialization, marketing and sales, operations, and Mellow Meal Kit development. Mellow has a strong IP portfolio and has already activated 6,400 Mellow V1 units since its launch.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,457 |
$0 |
|
COGS |
$23,507 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-178,432 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,040 |
$12,500 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$76,731 |
$12,500 |
|
Short-Term Debt |
$177,038 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$177,038 |
$0 |
Financials as of: 05/21/2020
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