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ZALAT PIZZA

Operating

Zalat Inc.

Food & Beverage · Restaurant · Dallas, TX · Founded 2014

Next great pizza chain

Post-money valuation ⓘ
$124.2M
As of Jan 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$20,822,231
Crowd $1.8M · Private $19.0M · 7 rounds since 2019
Latest share price
$4.12
Reg CF · Preferred Stock · Oct 2023 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$15.4M
−$1.6M
2021
$22.2M
−$2.5M
2022
$28.0M
−$2.8M
2023
$27.3M
−$2.3M
2024
$21.5M
−$139K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 audited
FY2022 audited
FY2023 unaudited
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$15,379,559
$22,233,026
$28,001,509
$27,284,700
$21,506,196
Cost of goods sold
$4,109,600
$6,538,299
$8,058,395
$7,106,776
$5,596,544
Gross margin
73%
71%
71%
74%
74%
Net income
-$1,601,772
-$2,542,992
-$2,793,448
-$2,346,635
-$138,848
Taxes paid
$0
$66,872
$16,663
$0
$0
Balance sheet
Cash
$1,797,059
$278,067
$74,268
$13,708
$1,088,880
Accounts receivable
$257,865
$371,120
$787,630
$0
$252,838
Total assets
$4,983,159
$13,882,092
$15,164,971
$13,857,581
$9,687,351
Short-term debt
$855,365
$74,495
$51,600
$525,701
$484,961
Long-term debt
$218,437
$47,761
$321,661
$0
$246,061
Total liabilities
$1,073,802
$122,256
$373,261
$525,701
$731,022
Other
Headcount
—
11
328
11
201

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
$122.3M
pre-money
Reg CF · Preferred · Oct 2023

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

Share price over rounds

$4.12$2.06$1.00
Jan 2020Oct 2023
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, and each class is drawn as its own line.

Cap table

Share counts as of Apr 30, 2026
ClassOutstandingVotes / shareShare of totalVotesLiquidationLast price
Series Seed-1 Preferred Stockpreferred17,380,00010100.0%100.0%paid 1st$1.00Jan 2020

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

  • Khanh C. Nguyen17,221,250 Series Seed-1 Preferred Stock92.8%of Series Seed-1 Preferred

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 $1.8M / $2MInvestors 1,633Post-money $124.2M
Raised $791.6KInvestors 17
Raised $561.2KInvestors 3
Raised $1.7MInvestors 2
Raised $4.9MInvestors 33

Team

10 people
Khanh Nguyen, Zalat Call Sign: “MORPHEUS”
Founder & CEO, Board Member

Chief visionary. Serial entrepreneur, software startup COO with sale/IPO exit, 29+ years general business experience, corporate lawyer 12+ years, BS Biology from The University of Houston, J.D. from The University of Texas School of Law, accidental restaurateur extraordinaire.

Khanh Nguyen
CEO, Director
Adrian Saide-Jacaman, Zalat Call Sign: “007”
Chief Financial Officer

Finance, Accounting & HR. CFO of EYM Group operating over 350 restaurants, including Pizza Hut, Panera, KFC, Burger King, and Denny’s brands. PepsiCo finance development group. BS Industrial and Systems Engineering from ITESM, MBA from The University of Texas at Austin, McCombs School of Business.

Al Vo, Zalat Call Sign: “STARK”
Chief Technology Officer

Head technology nerd. 20+ years software programming, leading software development teams, Director of Software Development of nThrive, a hospital revenue management software company with 900+ hospital clients and over $100B in annual hospital revenues managed.

Dennis Minchella, Zalat Call Sign: “Mr. Wolf”
Chief Operating Officer

Operations & New Store Development. 40+ years restaurant management, executive management positions at Ruby Tuesday, Chi-Chi’s, Bennigan’s, Boston Market (IPO), CEO of Semolina Restaurant group (NRN Hot Concepts Winner). BBA from Central Michigan University. Mr. Wolf was born into an Italian-American pizza restaurant family and held the lifelong belief that pineapple does not belong on pizza. 3 years ago, he tasted Zalat’s amazing Pineapple Express pizza and immediately decided that he had to join us.

Adrian Saide Jacaman
CFO
Erin Mulligan Helgren
Board of Directors

Current: CEO OfficeSpace Software. Former: Chief Marketing Officer of Dell (computers) SunPower (renewable energy) and Bazaarvoice (social media software). CEO of Bonterra (social good software), Social Solutions (nonprofit and public sector software), and Calytera (government technology software). Corporate strategy for PepsiCo, management consulting for A.T. Kearney, brand management for Procter & Gamble. BBA from The University of Texas at Austin.

Rosalyn Mallet
Board of Directors

Current CE0/President of PhaseNext Hospitality. Board member of Black Box Intelligence. Former: President of Caribou Coffee, COO of la Madeliene Bistro/Café, SVP of Applebee’s, TGI Friday’s, and Carlson Companies, and Chair of the Board of the National Restaurant Association. BA from St. Mary’s University.

Song Pak
Board of Directors

Current COO Collaborative Fund. Former: EVP of Revolution, a Washington DC-based venture capital/private equity investment firm founded by Steve Case of AOL (investments in CAVA, Sweetgreen, DraftKings, CLEAR, GROUPON, Zipcar). Corporate/Securities attorney for DLA Piper Venture Capital Practice. BA from Southern Methodist University, JD from The University of Texas School of Law.

Show 1 more person
Erin Helgren
Director

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

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 3 of 3 annual reports (FY2023–FY2025)

1,633 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-ARApr 30, 20260001789047-26-000002
    EDGAR
  • Form C-ARMay 1, 20250001665160-25-000907
    EDGAR
  • Form C-ARApr 25, 20240001665160-24-000526
    EDGAR
  • Form DApr 17, 20240001789047-24-000001
    EDGAR
  • Form C-UJan 12, 20240001665160-24-000021
    EDGAR
  • Form C/AOct 25, 20230001665160-23-001878
    EDGAR
  • Form COct 11, 20230001665160-23-001840
    EDGAR
  • Form DAug 11, 20220001789047-22-000005
    EDGAR
Source: ManualCIK 0001789047DEShare price $4.12

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.