Squareat

Squareat

Early Stage

Revolutionary Foodtech Startup - Delicious, Innovative and Ready-to-Eat!

Revolutionary Foodtech Startup - Delicious, Innovative and Ready-to-Eat!

Overview

Raised to Date: Raised: $468,919

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/27/2021

Close Date

11/11/2021

Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,448

# of Investors

120

Momentum
Funded
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Miami, Florida

Business Type

Growth

Squareat, with a valuation cap of $6 million, is raising funds on Wefunder. The company offers healthy, tasty, long-lasting, and natural meal plans that are adaptable to the routines and last-minute plans of customers. The food of Squareat comes in squares and is made with a special preparation process that conserves nutrients during cooking and conservation. Paolo Cadegiani and Vincenzo Foglia founded Squareat in November 2020. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $1,000,000. The raise proceeds will be used for accelerated marketing, ghost kitchen rollout, cooks, drivers, and truck lease, and other overheads. Squareat has completed several tastings with positive feedback and is expected to be launched on the web, in gyms, retail, vending machines, and airlines.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-29,508

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$30,566

$0

Accounts Receivable

$0

$0

Total Assets

$47,367

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/27/2021
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Squareat on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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