Taste Labs

AI Powered Personalized Recommendation

Analytics

Raised to Date: $396,422

Aggregate Commitments $
Platform

StartEngine

Start Date

02/04/2021

Close Date

04/14/2021

Min. Goal

$9,999

Max. Goal

$535,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$4,970,000

Rolling Commitments $
Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

3,964%

% of Max. Goal

74%

Likelihood of Max
Funded
Avg. Daily Raise

$5,745

# of Investors

360

Momentum
Funded
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Location

New York, New York

Industry

Consumer Products, Goods & Services

Tech Sector

AdTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Taste Labs, with a pre-money valuation of $4.97 million, is raising funds on StartEngine. The company has developed an AI-powered platform that provides reviews and recommendations uniquely tailored for the customers’ specific interests or tastes. The solution works on a humanistic AI and provides an accurate match. John Lin and Justin Messina founded Taste Labs in 2018 and raised $725,000 in the previous round of crowdfunding. The current crowdfunding campaign has a minimum raise of $9,999.48 and a maximum raise of $534,999.78, and the funds will be used for growth and expansion. Taste Labs reported a 76% year-over-year growth in the organic user base, and the return-on-ad-spend went up to 289%.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$63,123

$11,618

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-530,378

$-126,612

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$86,949

$6,625

Accounts Receivable

$48,250

$0

Total Assets

$135,199

$36,625

Short-Term Debt

$33,415

$157,637

Long-Term Debt

$758,174

$105,000

Total Liabilities

$791,589

$262,637

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/14/2021 StartEngine $4,970,000 $396,422 Equity - Common Confirmed Closed RegCF
06/17/2019 SeedInvest $3,000,000 $472,170 Convertible Note Confirmed Closed RegCF
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