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IMMIGRANT FOOD

Operating

iFood Inc.

Food & Beverage · Restaurant · Washington, DC · Founded 2019

Future of restaurants where profit meets purpose

Post-money valuation ⓘ
$8.5M
As of Aug 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$1,696,285
Crowd $865K · Private $832K · 3 rounds since 2021
Latest share price
$7.00
Reg CF · Common Stock · Mar 2024 offering price · down round

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$3.3M
−$504K
2022
$4.4M
−$343K
2023
$4.4M
−$548K
2024
$4.9M
−$441K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 reviewed
FY2024 reviewed
FY2025 unaudited
Income statement
Revenue
$3,320,597
$4,408,087
$4,379,032
$4,880,123
Cost of goods sold
$687,317
$815,936
$954,766
$1,061,330
Gross margin
79%
81%
78%
78%
Net income
-$503,984
-$343,308
-$547,659
-$440,538
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$640,862
$1,218,661
$474,089
$257,814
Accounts receivable
$32,435
$65,222
$0
$72,817
Total assets
$1,823,718
$3,588,013
$2,666,025
$1,565,838
Short-term debt
$472,241
$126,347
$44,974
$44,974
Long-term debt
$1,156,973
$187,904
$0
$438,839
Total liabilities
$1,629,214
$314,251
$44,974
$483,813
Other
Headcount
5
5
5
5

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$7.6M
pre-money
Reg CF · Common · Mar 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$53.3358$26.6679$7.00
Dec 2021Mar 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Mar 2024 (-86.9%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Apr 30, 2026
Class A Common Stock · 47.3%Class B Common Stock · 45.1%Class C Common Stock · 7.63%
ClassOutstandingVotes / shareShare of totalVotesLiquidationLast price
Class A Common Stock511,420147.3%51.2%1.2× participating · paid 1st—
Class B Common Stock487,500145.1%48.8%——
Class C Common Stock82,500none7.63%0%——
Total1,081,420100%100%

Principal holders% as the filing states it, Apr 30, 2026

  • Peter Schechter336,375 Class A Common Stock30.8%of Class A

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $864.6K / $1.2MInvestors 250Post-money $8.5M

Team

8 people
Peter SchechterFounder
CEO, President & Director

Longtime restaurant investor and former Board Member of José Andrés Group, lifelong entrepreneur, policy expert, and founder of the Atlantic Council’s Latin America Center

Tea IvanovicFounder
Co-founder, Chief Operating Officer, Chief Accounting Officer & Chief Marketing Officer

Social impact leader, former financial PR strategist, and journalist. Named on the Forbes 30 Under 30 list

Michael Donlon
Principal, Director of Operations

Former Director of Operations for Morton’s Steakhouse Asia, director of hotel partnerships at José Andrés Group

Ben Murray
Culinary Director

Former Chef de Cuisine at Pao at the Faena Hotel and Azul at the Mandarin Oriental in Miami

Guillermo Bolinaga
Board Member

Co-founder of Opportunitas Advisors; and former General Counsel Empresas Polar, a beverage and snack food multinational. Guillermo works roughly 1-2 hours per week on an as-needed basis for Immigrant Food.

Kenneth Brown
Board Member

Partner at BlueKey Capital; Former Partner and Managing Director at J.P. Morgan/Chase. Kenneth works roughly 1-2 hours per week on an as-needed basis for Immigrant Food.

Kimberly Grant
Board Member

Former Global Head of Restaurants and Bars at Four Seasons Hotel and Resorts; Former CEO of José Andrés Group. Kimberly works roughly 1-2 hours per week on an as-needed basis for Immigrant Food.

Nikunj Jinsi
Board Member

Co-founder Wilderness Capital; Former Global Head of Venture Capital, International Finance Corporation. Nukunj works roughly 1-2 hours per week on an as-needed basis for Immigrant Food.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 3 of 3 annual reports (FY2023–FY2025)

250 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARApr 30, 20260002014040-26-000002
    EDGAR
  • Form C-ARApr 29, 20250001665160-25-000800
    EDGAR
  • Form C-UAug 27, 20240001665160-24-001233
    EDGAR
  • Form C/AJun 4, 20240001665160-24-000950
    EDGAR
  • Form C-ARApr 25, 20240001665160-24-000515
    EDGAR
  • Form CMar 14, 20240001665160-24-000210
    EDGAR
Source: ManualCIK 0002014040DCShare price $7.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.