This company is no longer in business. Investors can get details about any potential exits or failures here.
The Town Kitchen
Early Stage
Feed your team, nourish your community.
Overview
Raised: $59,444
Total Commitments ($USD)
Platform
Republic
Start Date
07/16/2019
Close Date
10/31/2019
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/02/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$561
# of Investors
347
Momentum
Funded
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Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
Oakland, California
The Town Kitchen, with a valuation cap of $8 million, is raising funds on Republic. The company is taking corporate catering to the next level, along with helping the local communities. The Town Kitchen employs foster and re-entry individuals to create delicious meals and explore their potential, making it a culinary-oriented and an impactful company. The Town Kitchen was founded by Jefferson Sevilla in March 2015 and has raised $1.4 million since its founding. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to expand in the Bay Area. The Town Kitchen already has more than 40% return of gross margins on every order and reported revenue of $1.1 million in 2018, up 82% year-over-year.
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