Localvore

Connecting conscious consumers with local restaurants to end hunger.

Localvore

Connecting conscious consumers with local restaurants to end hunger.

Burlington, VT
Social Media
Localvore is a multi-featured, scalable platform that builds community, supports local restaurants, and enables free meals for people who are experiencing food insecurity.

$58,572

raised
60
Investors
$9.8M
Valuation
$0.39
Price per Share
$249.99
Min. Investment
Common
Shares Offered
Equity
Offering Type
$890K
Offering Max
27
Days Left

$58,572

raised
60
Investors
$9.8M
Valuation
$0.39
Price per Share
$249.99
Min. Investment
Common
Shares Offered
Equity
Offering Type
$890K
Offering Max
27
Days Left

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Localvore:

$249+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$249+
Investment
Tier 1
Invest $249+ and receive 1 free annual membership.
$500+
Investment
Tier 2
Invest $500+ and receive 2 free annual memberships.
$1,000+
Investment
Tier 3
Invest $1,000+ and receive 1 lifetime membership.
$5,000+
Investment
Tier 4
Invest $5,000+ and receive 1 lifetime membership + 5% Bonus Shares.
$10,000+
Investment
Tier 5
Invest $10,000+ and receive 1 lifetime membership + 8% Bonus Shares.
$25,000+
Investment
Tier 6
Invest $25,000+ and receive 1 lifetime membership + 10% Bonus Shares.
$50,000+
Investment
Tier 7
Invest $50,000+ and receive 1 lifetime membership + 15% Bonus Shares.
$100,000+
Investment
Tier 8
Invest $100,000+ and receive 1 lifetime membership + 20% Bonus Shares.

Reasons to Invest

Be part of the solution to ending hunger for more than 40 million people in America.
Actively support local restaurants, businesses, food producers, and farmers.
Join other investors who believe in the power of conscious consumerism, and help build community-scale commerce without the fees, friction, or frustration of big tech.

Overview


A platform for local

Localvore’s technology platform was created to connect people with restaurants that support local food producers. The channel offers a simple way for conscious consumers to search local businesses, access offers, and engage with others on the social feed. During the pandemic, we added functionality that allows people experiencing hunger to order food directly from restaurants participating in the Everyone Eats program, helping to keep struggling restaurants afloat and making sure no one in our community went hungry. It’s a win-win-win model that is proven in Vermont and ready to scale nationally.


the problem


Big Tech Doesn’t Work for Small Business

Big companies like Yelp, Facebook, and Doordash miss the mark for small businesses and conscious consumerism. These companies are making a profit on the backs of small restaurant owners, charging fees that cut into already slim margins. What’s more, it’s hard to find restaurants that appeal to the conscious consumer—the one buying from local producers and farmers in their community. Localvore is free to businesses and to anyone who uses the channel for search and discovery. No third-party fees. No big chains. No convoluted algorithms.

The Market


We are addressing the unmet needs of the Conscious Consumer 

When DoorDash went public, the market was valued at $50 billion. According to our research, we estimate that there are about 30 million conscious consumers* that match the demographic of our current Localvore customers. Capturing 10% of these consumers at a $9.95/month subscription price would yield over $300 million in annual recurring revenue. 


*Source: BBMG Conscious Consumer ReportBiz Journal


What sets us apart from other consumer tech apps is that we are free for businesses to use. Third-party tech companies have put all their energy into revenue generation from the restaurant and retail side. As they scale up through Venture Capital funding and extreme growth, they end up having to charge restaurants large fees that cause a significant loss on margins for the business (source). As a result, consumers are also impacted as it makes it harder for them to buy locally, either due to a lack of available inventory on other apps (due to financial costs imposed on small businesses) or by being met with high costs or fees themselves in order to support these organizations. It’s just not sustainable no matter which side of the marketplace you’re on. 

the solution


Localvore is more than just a tech company, it's a movement

We are building a movement that urges everyone to consider their interactions and the effects on the local economy every day with their purchases and support to further reinforce the idea that keeping our dollars local can have a direct impact on our communities on a large scale.


When money is invested locally, it is recirculated and strengthens the community and the ability for consumers to help their neighbors.




Restaurants are built on social experiences and deserve a free social platform that connects them with the local community. Consumers deserve a platform that is free to view and interact with offers, local services and directories, and offers that refresh daily, weekly, or monthly so they don’t have to worry about expiration dates or keeping track of coupons. And everyone deserves a warm meal when they’re hungry.



 

"Localvore is a very unique platform; it connects businesses and consumers with common interests. Our past partnerships prove Localvore has the ability to draw intense focus on the local food scene through their presence in social media and technology.

 

- Owner and Chef Chiuho Sampson had this to say about Localvore and their campaign in support of Vermont Works for Women

*This testimonial may not be representative of the experience of other customers and is not a guarantee of future performance or success.


Our company currently generates revenue in two ways. One, as a service provider for the Vermont Everyone Eats program, and two, through a consumer subscription service where members are charged a fee of $9.95/month or $60/year. Our subscription service allows us to fight food insecurity and support local restaurants while growing our business. 


In 2019, pre-pandemic, we activated 1,410 subscriptions. During the pandemic we iterated and added a revenue stream as the digital voucher system for the Vermont Everyone Eats program, facilitating over 500,000 meals since late 2020 and processed approximately $5 million to our restaurant partners.



KPI’s since January 1st, 2019 in Burlington, Vermont: (Data from Stripe)


  • Average Customer Acquisition Cost = $20 
  • Average Spend Per Customer =  $56
  • Average Churn Rate = 8.55% 
  • Lifetime Value = $75 

Why invest


Do good by your neighbor and humankind

Our vision is to solve hunger by creating innovative solutions for local restaurants.

At Localvore, we feel that the world needs a more purposeful technology platform. Our framework is rooted in strengthening local food systems by supporting local restaurants to help end hunger. Our vision is to build a business powered by conscious consumers that are inspired by the mission of ending hunger through purchasing their subscription.


Since 2015 Localvore originally launched has generated over 22,000 customers and has partnered with hundreds of restaurants, local businesses, and non-profit partners. In the past three years, we’ve grown revenue by over 100% YOY and became sustainable during the COVID-19 pandemic. 


Join us in the movement to end hunger by empowering conscious consumers and small businesses. Localvore is on a mission to revolutionize consumer tech by supporting and encouraging our neighbors! 







In the Press

The Flexible Capital Fund

Localvore App Helps Feed Vermonters During The Pandemic

MyChamplanValley.com

Local app helps connect community and local restaurants

WCAX CBS

Connecting Vermonters with free food? There’s an app for that

WPTZ NBC Channel 5

Vermont Everyone Eats program honors 'Giving Tuesday' in a new way

Offering Summary


Company

:

Localvore, Inc.

Corporate Address

:

66 Peru St. , Burlington, VT 05401

Offering Minimum

:

$9,999.99

Offering Maximum

:

$889,999.89

Minimum Investment Amount

(per investor)

:

$249.99











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

25,641

Maximum Number of Shares Offered

:

2,282,051

Price per Share

:

$0.39

Pre-Money Valuation

:

$9,803,251.38











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives*

Time-Based Investment Incentives

Friends and Family

Invest within the first 72 hours and receive 15% Bonus Shares.

Super Early Bird

Invest within the first week and receive 10% Bonus Shares. 

Early Bird

Invest within the first two weeks and receive 5% Bonus Shares.

Amount-Based Investment Incentives

Tier 1 | $249+

Invest $249+ and receive 1 free annual membership.

Tier 2 | $500+

Invest $500+ and receive 2 free annual memberships.

Tier 3 | $1,000+

Invest $1,000+ and receive 1 lifetime membership.

Tier 4 | $5,000+

Invest $5,000+ and receive 1 lifetime membership + 5% Bonus Shares.

Tier 5 | $10,000+

Invest $10,000+ and receive 1 lifetime membership + 8% Bonus Shares.

Tier 6 | $25,000+

Invest $25,000+ and receive 1 lifetime membership + 10% Bonus Shares.

Tier 7 | $50,000+

Invest $50,000+ and receive 1 lifetime membership + 15% Bonus Shares.

Tier 8 | $100,000+

Invest $100,000+ and receive 1 lifetime membership + 20% Bonus Shares.

*All perks occur when offering is complete.

The 10% StartEngine Owners' Bonus

Localvore, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.39 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $39. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Insider Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$581,853.00 USD
$394,749.00 USD
Cash And Cash Equivalents
$239,091.00 USD
$122,014.00 USD
Accounts Receivable
$228,690.00 USD
$0.00 USD
Short Term Debt
$332,683.00 USD
$59,251.00 USD
Long Term Debt
$760,960.00 USD
$665,070.00 USD
Revenues And Sales
$405,752.00 USD
$118,008.00 USD
Costs Of Goods Sold
$4,981.00 USD
$6,439.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$35,035.00 USD
-$183,764.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Our Community Joins In! | Insider Investment Notice

15 days ago

We're excited to see our community come in and invest in Localvore!

Our Insiders have invested a total of $1363.13  into the offering to date!

We hope you join in as well! Invest in Localvore—https://www.startengine.com/localvore

Please refer to the Company’s offering materials for further information and refer to the Company’s Risk Factors.

2 years of Everyone Eats & 2 months left to invest in Localvore!

about 1 month ago

This fall we will have been powering the Vermont Everyone Eats program for 2 years. We have facilitated more than 860,000 meals through our mobile app and sent restaurants more than $8.6 million from our payment services for the program.


We were hired by the Everyone Eats program because our app allows people experiencing food insecurity to simply place a takeout order at their local neighborhood restaurant, and because of the platform we can scale out the opportunity for restaurants in every part of the state. 


With only two months left in our campaign, we encourage you to invest and help us continue to make innovative steps to feed our food-insecure communities in America while paying restaurant owners much-needed supplemental revenue from our program partners. 


The image below is an example of all the love and support we are getting for this program and our mobile app and service!


Eat Local, Be Happy! 


Dan, Michael, and Gage







Dan White is presenting Localvore at CONNECTpreneur tomorrow!

3 months ago

Hey, followers of this campaign and new investors, 

Our very own Dan White, Co-founder & CEO is presenting Localvore tomorrow at this rocket pitch event.

Register for the virtual CONNECTpreneur Rocket Pitch event held on June 30th! This will be their 74th event (30th Virtual) over the last 11 years. Here's the link to the organization and the Eventbrite link below is to register. 

EVENTBRITE

Please share the event registration link with your friends, colleagues, investors, board members, etc. Again, here is the link to the Eventbrite site: https://rocketjune2022.eventbrite.com

We hope to see you and connect with you there!

Team Localvore


Everyone Eats Extension

4 months ago

Yesterday Governor Phil Scott of Vermont signed Bill S.11 which extends the Everyone Eats program another 8 months beyond Q2 2022 with an additional $1.3M from the state of Vermont to match FEMA’s 90% reimbursement rate.

This is exciting news for Localvore in that our service provider revenue from the program will continue through Q1 2023 and give us more capital and runway to expand to Minnesota and other New England markets. 

Here’s more on the big news!

https://vermontbiz.com/news/2022/june/08/everyone-eats-food-program-will-continue-beyond-july-1?ct=t(ENEWS_6_8_2022)



Over $50k in the first 2 weeks!

5 months ago

Hi Localvore Community, 

We are off to a great start and have raised over $50k in our first two weeks from 42 investors!

Our community is growing and we wanted to let you know that we will be doing a live zoom call on the first Wednesday of each month to build relationships, answer questions, and find new opportunities to grow together. The first one is Wednesday, June 1st and the information is below.

The initial goal was to reach the $45k milestone and now we are focused on hitting the $100k milestone. Please help us get there by sharing the campaign page with your network! 

We want you to truly feel a part of our purpose to help end hunger and support restaurants, so I'll leave you with a recent post on our social feed from a Localvore user in Vermont, so you can feel the authentic appreciation people have for what we are doing. Now, you too are a part of taking this further. 

As always, with gratitude, 

Dan White


Zoom Call June 1st, 2022 Info:


Topic: Localvore Community Update! 


Time: Jun 1, 2022 11:00 AM Eastern Time (US and Canada)


Join Zoom Meeting

https://us02web.zoom.us/j/87907970422?pwd=aWsxQ2VybEZvRmRBcTcydzlmZUQ3QT09


Meeting ID: 879 0797 0422

Passcode: 005564

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