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Localvore

Operating

Localvore, Inc.

Software & AI · Mobile App · Burlington, VT · Founded 2011

Connecting conscious consumers with local restaurants to end hunger

Post-money valuation ⓘ
$9.9M
As of Oct 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$3,292,619
Crowd $51K · Private $3.2M · 6 rounds since 2014
Latest share price
$0.39
Reg CF · Common Stock · May 2022 offering price

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$118K
−$184K
2020
$5.2M
−$35K
2021
$6.5M
$100K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022
Income statement
Revenue
$118,008
$5,170,637
$6,462,362
Cost of goods sold
$6,439
$5,169,729
$6,461,658
Gross margin
95%
0%
0%
Net income
-$183,764
-$35,034
$100,135
Taxes paid
$0
$0
$0
Balance sheet
Cash
$122,014
$262,960
$644,361
Accounts receivable
$0
$0
$0
Total assets
$394,749
$762,124
$1,167,871
Short-term debt
$59,251
$422,098
$696,132
Long-term debt
$665,070
$760,961
$759,128
Total liabilities
$724,321
$1,183,059
$1,455,260
Other
Headcount
—
3
3

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
$9.8M
pre-money
Reg CF · Common · May 2022

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

Share price over rounds

$0.39$0.195$0.1143
Jun 2018May 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

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.

Fundraising history

Raised $51.1K / $890KInvestors 68Post-money $9.9M
Raised $1.4MInvestors 12
Raised $300KInvestors 2
Raised $546.2KInvestors 5

Team

3 people
Daniel WhiteFounder
Co-Founder, CEO & Director

Dan is an entrepreneur focused on local commerce and strengthening communities. He is a University of Wisconsin-Madison Economics alumni and moved from his home city of Chicago to Burlington, Vermont to start Localvore. In the past decade, Dan has led different teams, designed different platforms, and raised over $3 million to build and create his vision for Localvore.

Michael NedellFounder
Co-Founder, COO & Director

Michael is from the Bronx, NY, and moved to Burlington, Vermont 25 years ago. He's a technologist, web and SEO expert, and co-founder of Localvore. He has led different teams of developers, created marketing campaigns that drove in millions of dollars in revenue and manages operations. He's also an international snow sculpting champion and musician.

Gage Griffing
CRO & Director

Gage is from and lives in the Twin Cities and is a startup investor with a sales and marketing background and managing partner and Board member at Localvore since 2018. Gage began investing in tech and entertainment startups after a successful sales career in Chicago with CDW and Groupon. He has invested multiple times in Localvore in 2015.

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 requiredFiled Form C-TR (terminated reporting)

Filed 1 of 4 annual reports (FY2022–FY2025)

68 investors
holder-count proxy

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

  • Form C-TRApr 25, 20240001665160-24-000484
    EDGAR
  • Form C-ARMay 24, 20230001665160-23-001296
    EDGAR
  • Form C-UNov 1, 20220001665160-22-002850
    EDGAR
  • Form C/AMay 20, 20220001665160-22-001683
    EDGAR
  • Form CMay 4, 20220001665160-22-001562
    EDGAR
  • Form DApr 2, 20200001573780-20-000001
    EDGAR
  • Form DJul 11, 20180001721303-18-000004
    EDGAR
  • Form D/AFeb 15, 20180001573780-18-000001
    EDGAR
Source: ManualCIK 0001573780VTShare price $0.39

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.