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Dispatch Goods isn't accepting new investments

Dispatch Goods’ deadline was May 21, 2020

Follow the company to stay updated on their progress, including future investment opportunities


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Dispatch Goods

App-based reusable food container company that reduces plastic waste
Reduce, Reuse, Recycle B2C B2B Subscription Women Founders Restaurant & Bar Services Sustainability Apps
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Featured image of Dispatch Goods
$76,002
Raised
236
Investors
Successfully funded and closed on May 21, 2020.
Invest in Dispatch Goods
Pitch Updates 8 Reviews 79
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Closed on May 21, 2020. Information may not be up-to-date. Campaign closed on May 21, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Dispatch Goods, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Dispatch Goods Crowd SAFE Dispatch Goods Form C.pdf
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Hear from some of the 236 investors in Dispatch Goods


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Highlights


Bootstrapped
High traction without any outside capital
  • Reusable food containers for restaurant takeout and delivery orders
  • Mobile app and subscription service featuring membership tiers
  • Partnerships with Yelp and many Bay Area restaurants
  • Initial B2B focus, spearheaded by Haas MBA co-founders
  • Near-zero CAC to date with over 15 large corporate deals in the pipeline
  • Launching with two paid corporate clients in March
  • 60% of Americans order takeout or delivery at least once per week

Problem


More food delivery, more waste

More and more people are ordering restaurant delivery and takeout. But what happens to the containers for all that food? 

Virtually none of those single-use containers can be reused or recycled. "Biodegradable" or "compostable" plastics made with corn starch or sugarcane actually require prolonged high temperatures under industrial conditions to break down, meaning they will continue to clog up landfills and waterways if left to their own devices. Furthermore, studies have shown that fiber bowls, like those favored by fast-casual restaurants such as Chipotle, often contain 'forever chemicals' such as per- and polyfluoroalkyl substances (PFAS) which are used to keep the bowls from disintegrating. These PFAS ruin a composter's output (fertilizer for farms) and leach into the meals they're meant to hold.

Solution


Dispatch Goods: sustainability, delivered

We are an app-based logistics company that provides reusable food containers to restaurants for takeout and delivery orders. We partner directly with restaurants to reduce waste by replacing traditional single-use containers with our stainless steel ones. We then collect, wash, and return those containers to participating restaurants. This makes it easy for customers, smart for restaurants, and good for the planet.

Product


Hungry? Follow these steps!

  1. Sign up for a Dispatch Goods monthly subscription (or pay a small one-time fee) and use our app to find a partner restaurant near you.
  2. Receive your takeout or delivery food in a reusable container. Enjoy your meal.
  3. Deposit your used container into a Dispatch collection bin. And that's it, you're done!

While you focus on more important things, we'll collect your used containers, transport them to a commercial kitchen, wash and sanitize them, and return them to our partner restaurants to be used again.

Traction


Partnering with major restaurants & businesses

Through our pilot program, we've established partnerships with restaurants and companies in San Francisco and are adding new partner restaurants every month. Two large paid corporate clients are launching subscriptions with us this March, and additional B2B customers continually e-mail us to ask for business proposals in order to satisfy their sustainability initiatives. Best of all, we were recently featured in the Wall Street Journal about how our model would profit from increased environmental regulations.

Customers


Sustainability served

Our current target customers are the corporate social responsibility teams (CSR teams) found at large firms in metropolitan areas. By leveraging the demand for convenient and sustainable alternatives to single-use products, and by utilizing the founders' business school and industry connections, we have secured sales meetings with some of the world's top companies. We look forward to closing multiple official deals with them (wherein they purchase Dispatch Goods monthly subscriptions for their employees) by Q2 of 2020. Through this process, we expect to add more than 20,000 monthly subscribers with virtually no customer acquisition costs.

We plan to launch our B2C subscription model (wherein individuals can purchase Dispatch Goods monthly subscriptions for themselves) in the very near future.

Business model


The one sustainability ecosystem to rule them all

Because restaurants do not have the physical space to house reusable containers from more than one company at a time, Dispatch Goods operates in a market that will tend toward monopoly. If we partner with a restaurant, it is very likely that they will not simultaneously partner with someone else. For this reason, our focus is to expand to as many partner restaurants as quickly as possible, while still keeping costs in-line. 

Our service is currently only available to working professionals. Soon, Dispatch Goods will offer a variety of B2C subscription tiers (in both California and Ohio), making it easy for customers to choose the membership program that works best for them. Tiers vary from $5-$30 a month, with a minimum profit margin of 50% to cover our operational and fixed costs.

Market


20–50 billion single-use containers discarded annually

Food delivery is expected to be a $200B industry by 2025. This means that nearly 100 million single-use takeout and delivery containers will be discarded every single day. As restaurants and consumers strive to address the threats posed by this environmental catastrophe, there exists a tremendous opportunity to provide sustainable, eco-friendly alternatives which can work alongside other delivery services.

With our current corporate partnerships and upcoming pilots with the leading food delivery apps, we believe that Dispatch Goods is the company best-positioned to capitalize on these opportunities.

Competition


A blue ocean of opportunity

There are a few companies (listed below) that offer products similar to ours, but none which offer a product identical to ours.

More importantly, none of these companies have been able to gain traction with the B2B corporate audience in the way that we have. We believe this is our strongest competitive advantage. By tailoring a service specifically for CSR teams, by providing large companies the chance to improve their commitment to sustainability by purchasing Dispatch Goods reusability memberships for their employees and by leveraging the power of our business school network, we believe we can 'jump start' our growth and add market share faster than any of our competitors.

Competitor examples include:

  • In San Francisco, the company Sparkl (formally known as GoBox) provides reusable plastic containers aimed at closed-loop systems such as corporate cafeterias.
  • In New York, the company Fresh Bowl provides meals in returnable glass containers which can be purchased from vending machines located at various locations across the city.
  • In Asia, Muuse offers reusable tiffins and has branched into reusable coffee cups. 
  • In Australia, the company Returnr has partnered with Deliveroo to deliver meals in metal bowls for an upfront fee that gets refunded upon the return of the bowl.

Vision and strategy


Helping to eliminate single-use food packaging worldwide

We were founded with the simple desire to heal the world and to build an impressive company while doing it. By reaching our fundraising goal (we are simultaneously attempting to raise through both Republic and through more traditional investors), we will be able to expand our product offerings throughout California and to other high-density cities across the United States.

Funding


Bootstrapped by a lean and dedicated team

We have mostly bootstrapped our operations since inception, but have also received, or will receive shortly, material cash investments from the Sustainable Ocean Alliance (SOA), the Trione Foundation, and from Seabird Ventures.

In addition, we have received extensive non-cash support from the UC Berkeley entrepreneurship network as a result of our having won the Berkeley StEP pitch contest. We are also part of the Berkeley Launch community, Skydeck's Hotdesk Program, and best of all, we will compete this March in the London regional for the $1,000,000 Hult Prize (which had over 300,000 contestant entries). 

Founders


Sustainability-focused and business-minded

To say that we wake up every morning trying to figure out the best ways to reduce ocean plastic would be an understatement. In fact, the entire reason for CEO Lindsey Hoell to attend the UC Berkeley Haas School of Business was so that she could launch, build, and grow this company. After falling in love with entrepreneurship a decade ago and starting her own women's surfwear company, Lindsey has been searching for a way to combine her love of startups with her passion for sustainability. 

Together with co-founder Jessica Heiges, the team at Dispatch Goods has more than 15 combined years of transitioning restaurants to more sustainable practices. Jessica was the lead on designing UC Berkeley's Business School to be the first TRUE Certified Zero Waste academic building in the world. 

Head developer Andrew Foster is a designer and full stack web developer who, alongside Lindsey, ran Hawaii's Surfrider Ocean Friendly Restaurants Campaign. He has extensive design experience working with environmental impact companies as well as development experience at large tech companies, like Google.

On the business side of things, co-founder Adam Boostrom walked away from a lucrative career in finance (and a burgeoning career in publishing) to commit himself fully to growing Dispatch Goods into a sustainability unicorn. Driven by what he calls "an incredible market opportunity," he keeps his eye trained closely on the company's bottom line.

Deal terms


Valuation cap

$4,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Dispatch Goods occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Dispatch Goods is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Dispatch Goods needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Dispatch Goods, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Dispatch Goods Crowd SAFE Dispatch Goods Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Dispatch Goods.
49 investors
Invest
$100
Receive
  • A selfie shout-out thank you from our visionary CEO, Lindsey Hoell, emailed directly to your inbox
  • Limited (1 left of 50)
23 investors
Invest
$1,000
Receive
  • The chance to personalize a message -- on why you support sustainability -- that will be affixed to a Dispatch-branded container, and sent out into the world for others to encounter as serendipity allows
  • Limited (77 left of 100)
Invest
$5,000
Receive
  • A 30-minute phone call with our director of sustainability, Ph.D. candidate Jessica Heiges, about the ways in which you can reduce your environmental impact at home and abroad
  • Limited (10 left of 10)
1 investor
Invest
$10,000
Receive
  • A catered lunch for you and 25 of your closest friends, family, or coworkers -- provided in Dispatch-branded containers when possible, and sourced from an ocean-friendly restaurant
  • Limited (19 left of 20)
Invest
$20,000
Receive
  • A private 1-on-1 dinner, anywhere in the United States, with our visionary CEO, Lindsey Hoell
  • Limited (10 left of 10)

Why others invested

See all reviews (0) See all (0)

Dispatch Goods presents a genuine, tangible solution for replacement of plastics that is sustainable not just for the environment, but for society and certainly creates value and jobs.

Profile picture of Haziq Jani
Haziq Jani
Active investor
about 5 years ago

Personally, I have been resistant to ordering delivery food due to its immense contribution of waste. Reusables are the future, and I feel confident based on the founders drive and experience that they can lead us there.

Profile picture of Amy Slawson
Amy Slawson
Value-add investor
about 5 years ago

It's a great environmentally responsible initiative. Just going back to the days one of the largest entities having foam containers shifting/employing paper to recyclable paper, we must continue to think forward. This is a great example.

Profile picture of Warren Hamilton
Warren Hamilton
Value-add investor
about 5 years ago

About Dispatch Goods

Legal Name
Dispatch Goods, Inc.
Founded
Jul 2019
Form
Delaware Corporation
Employees
0
Website
dispatchgoods.com
Social Media
Headquarters
Google Map location of of Dispatch Goods
4045 Cabrillo Street , San Francisco, CA
Headquarters
4045 Cabrillo Street, San Francisco, CA, United States 94121

Dispatch Goods Team
Everyone helping build Dispatch Goods, not limited to employees

Profile picture of Lindsey Hoell
Lindsey Hoell
CEO
Profile picture of Adam  Boostrom
Adam Boostrom
CFO
Profile picture of Jessica Heiges
Jessica Heiges
Chief Sustainability Officer
Profile picture of Andrew Foster
Andrew Foster
Head Developer
Profile picture of Anuja Verma
Anuja Verma
Tech Lead
Profile picture of Peter Altaffer
Peter Altaffer
UX Designer
Profile picture of Rachel Fish
Rachel Fish
Social Media
Profile picture of Christy Williams
Christy Williams
Midwest Operations Manager
Profile picture of Chris Yee
Chris Yee
Strategy Consultant
9 more team members
Lindsey Hoell
CEO
Adam Boostrom
CFO
Jessica Heiges
Chief Sustainability Officer
Andrew Foster
Head Developer
Anuja Verma
Tech Lead
Peter Altaffer
UX Designer
Rachel Fish
Social Media
Christy Williams
Midwest Operations Manager
Chris Yee
Strategy Consultant

Press

For These Companies, Regulation Is Spelled P-R-O-F-I-T
WSJ WSJ
·
Nov 29, 2019

Few things can make a chief executive break out in hives as quickly as the word "regulation." Peruse the catalog of CEO s...

Is reuseable ware in the future of takeout food? - The Sa...
The San Francisco Examiner The San Francisco Examiner
·
Sep 11, 2019

Every Thursday, Jay Hamada sells warm platters of Japanese curry from his bright orange truck parked on the corner of New...

In the Accelerator over the Sea
TechCrunch TechCrunch

In our oceans the scale of disasters is measured in millions, billions, and trillions, while solutions amount to single d...

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Dispatch Goods

Dispatch Goods successfully raised $76,002 from 236 investors on May 21, 2020
Profile picture of Claire Veuthey
Profile picture of Hemant Jain
Profile picture of Amirnader Aghayeghazvini
Profile picture of Rudy Grant
Profile picture of Warren Hamilton
Claire, Hemant, Amirnader, Rudy, Warren, and 231 others invested. 79 Reviews
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