Data / Crowdfunding / Illinois / FanFood, Inc.
FanFood, Inc.: crowdfunding raise on First Democracy VC, $50,000 to $300,000 (2017)
FanFood, Inc., a corporation in Chicago, IL, filed a Form C with the SEC on December 18, 2017 to raise $50,000 to $300,000 in Crowd SAFE (Simple Agreement for Future Equity) Units through First Democracy VC. The offering closed on February 12, 2018. In its most recent fiscal year it reported $61,657 in revenue and a net loss of $571,190, with 6 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.fanfoodapp.com
- Funding portal
- First Democracy VC
- Address
- 116 W HUBBARD ST MAILBOX #38, Chicago, IL 60654
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 1, 2016
- SEC CIK
- 0001719977
Offering terms
From the offering filed December 18, 2017.
- Security
- Crowd SAFE (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $50,000
- Maximum
- $300,000
- Deadline
- February 12, 2018
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed July 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $61,657 | $124,978 | sec.gov |
| Cost of goods sold | $0 | $129,120 | sec.gov |
| Net income | $-571,190 | $-296,245 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,586,732 | $126,432 | sec.gov |
| Cash | $2,038 | $9,477 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $90,197 | $35,673 | sec.gov |
| Long-term debt | $138,797 | $392,047 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| July 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| July 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 30, 2018 | Progress update | $50,000 | $300,000 | February 12, 2018 | $120,047.07 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| December 18, 2017 | Offering | $50,000 | $300,000 | February 12, 2018 | sec.gov |
Updated July 29, 2020. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.