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FullSkoop isn't accepting new investments

FullSkoop’s deadline was July 31, 2021

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FullSkoop

Farm to fridge meals; available 24/7 in your building
B2C B2B Diverse Founders
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Featured image of FullSkoop
$59,950
Raised
147
Investors
Successfully funded and closed on July 31, 2021.
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Pitch Updates 1 Reviews 45
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Closed on July 31, 2021. Information may not be up-to-date. Campaign closed on July 31, 2021. 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 FullSkoop Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FullSkoop Crowd SAFE FullSkoop Form C-A 04.29.2021.pdf FullSkoop Form C-A 04.14.2021.pdf FullSkoop Form C.pdf
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Hear from some of the 147 investors in FullSkoop


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Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • $468B U.S. market, smart vending has mass adoption in Europe and Asia
  • Combining a world class chef with game changing food retail economics
  • 6x ROI, 21% net margin, projected $6.4M in sales in 30 months
  • Collateralized investment with low risk mobile footprints
  • Minority owned business raised $500k from angels, family and friends

Problem


Convenience & quality  = $$$

Americans do not have good access to healthy and affordable fresh food options. Condos, break rooms and lobbies across the country have a void. This dilemma is worse for people working odd hours, living in impoverished areas or working in industrialized food deserts. 

Solution


Great food right in your building

We make healthy fresh food more accessible than fast food, spend around 2 minutes and $9 for a farm to fridge meal.

FullSkoop is changing the nature of convenience food with localized curation in our "farm-to-fridge" approach. You can find us where the soda machine used to be.

Food/ Our co-founder, chef Jonnatan Leiva, is a world class chef from San Francisco.  He leads our R&D team using data and industry trends to create engaging consumer experiences.

 

Tech/ Smart Food. Smart Fridge. Smart Phone. Customers use our mobile app to remotely check real time inventory, prices, nutritionals and promotions. We us our cloud dashboard to remotely manage our fleet of smart fridges. Individual fridge data enables a compelling product mix for each community.

Location/ Prominent placement in high traffic areas keeps waste and meal delivery costs low while driving ROI and data insights. 

Product


Micro retail stores

Our farm-to-fridge kiosks feature meals, snacks and drinks for every time of day.  Offerings range from yogurt parfaits and salads to microwavable entrees. Our partner options include premium drinks, ready to eat snacks and take home meal kits.

Traction


Food carts to smart fridges

FullSkoop started in 2017 in the San Francisco financial district, selling premium meals via wholesale and our retail food carts. We grew top line revenue by 4.5x in 2018 and 2x in 2019. Using the same production model, our focus moving forward is growing our retail channel via smart fridges to capture a higher net profit.

Customers


Health conscious urbanites

Our target demographic are professionals and students ages 18-55.  Our wholesale accounts include discerning health conscious communities; premium grocery, gym and office delivery platforms. 

 

Business model


Micro retail store focus

The 2021 retail food market ranges from permanent closures to large operators with lethargic infrastructure. Our focus is growing our retail smart fridge channel to represent 75% of our overall top line sales. 

Our 43% gross margin on smart fridge retail translates to 21% net yielding a 6x return over four years.

Market


Big opportunity now

Fresh food smart vending in the US has been gaining momentum with a couple dozen companies cumulatively deploying 8,000 units in recent years. Technologies span from cameras and weight sensors to RFID and robotics . On a big scale companies like Amazon are aggressively evolving these technologies in large format(grocery/convenience stores). Like many technologies Covid-19 has accelerated US smart vending adoption by ten years; most notably the work from home shift in condo complexes. 

*TAM based on $42k annualized sales per location

Competition


Frictionless speed to market

Our largest competitor has 1,500 deployments, a drop in the bucket based on the market opportunity. In addition to having a full day menu we make internally we also have shelf leases for partners with complimentary products; premium drinks, snacks & meal kits. This provides an inexpensive retail footprint for partners while we handle all logistics & transactions.

In this partner exchange we further mitigate risk for underperforming stores while fortifying our cash flow.  Partners are required to co-promote the micro store via social media, promotions & tastings. Strategically our partner revenue enables cost free placement for the host facility(Hospital, Condo, School, etc.).

Vision and strategy


Bay Area: 96 fridges in the next 18 months

With your investment, FullSkoop will enter into phase II of our market strategy. We will place 96 fridges across the greater San Francisco bay area within eighteen months of reaching our funding goal, earning us $2.9M in ARR. 

Funding


$500k raised to date

We have previously raised $500k in seed funding from angel investors, friends, and family. Funds from our Republic offering will go towards producing 100 new smart fridge units, fleet upgrades, targeted marketing and new hires. 

Founders


                                                           Sid Sanhi

Sid's orientation to realizing vision has always been systems, team and technology.  He is  a naturally curious person with a big personality that drives culture, process optimization and partnerships.

                                                    Jonnatan Leiva

Jonnatan is a sought after industry consultant as well as having held executive chef roles at some of the most recognizable names in fine dining. Accolades include: Rising Star Chef, SF Chronicle | Iron Chef America, 2x with Chris Cosentino | Featured Chef at The James Beard House | Food Network Contestant | Top 100 Restaurants, SF Chronicle | Named Top Chefs Under 35, Where Magazine

Deal terms


Valuation cap

$7,500,000

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

Discount

0%

If a trigger event for FullSkoop 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 FullSkoop is accepting.
Learn more

Funding goal

$1.07M

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

Deadline
FullSkoop 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 FullSkoop Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FullSkoop Crowd SAFE FullSkoop Form C-A 04.29.2021.pdf FullSkoop Form C-A 04.14.2021.pdf FullSkoop Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in FullSkoop.
Invest
$100
Receive
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$250
Receive
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$500
Receive
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$1,000
Receive
  • Invite to our VIP food experience (post pandemic)
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$5,000
Receive
  • 10% annual discount for your purchases from one machine of your choice
  • Invite to our VIP food experience (post pandemic)
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$10,000
Receive
  • 20% annual discount for your purchases from one machine of your choice
  • Invite to our VIP food experience (post pandemic)
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$25,000
Receive
  • Hands on Cal-Latin cooking class(+1) by chef Jonnatan Leiva
  • 20% annual discount for your purchases from one machine of your choice
  • Invite to our VIP food experience(+1) (post pandemic)
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$50,000
Receive
  • Hands on Cal-Latin cooking class(+3) by chef Jonnatan Leiva
  • 20% annual discount for your purchases from one machine of your choice
  • Invite to our VIP food experience(+3) (post pandemic)
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal
Invest
$100,000
Receive
  • 10 person multi-course meal hosted by chef Jonnatan Leiva at your bay area location.
  • 20 person cocktail party hosted by chef Jonnatan Leiva at your bay area location.
  • 20% annual discount for your purchases from one machine of your choice
  • Invite to our VIP food experience(+3, post pandemic)
  • Submit a packaged product recommendation with our Curation Director
  • Your name listed as "investor" on our website
  • Code for 100% off your first FullSkoop meal

Why others invested

See all reviews (0) See all (0)

I love the idea of having a Smart Fridge that you can open with your Smartphone, cool!

Profile picture of ABRAHAM PARRA
ABRAHAM PARRA
Active investor
over 4 years ago

The greatest people I've ever known

Profile picture of Kevin Anderson
Kevin Anderson
Investor
over 4 years ago

Love the concept. In our ridiculously trendy larger cities, this should be a hit.

Profile picture of Jason Halprin
Jason Halprin
Value-add investor
over 4 years ago

About FullSkoop

Legal Name
FullSkoop Inc
Founded
Aug 2016
Form
Delaware Corporation
Employees
0
Website
fullskoop.com
Social Media
Headquarters
Google Map location of of FullSkoop
1 Market Street , San Francisco, CA
Headquarters
1 Market Street, San Francisco, CA, United States 94105

FullSkoop Team
Everyone helping build FullSkoop, not limited to employees

Profile picture of Prathik Gadde
Prathik Gadde
CTO Advisor
Profile picture of Cassandra  Cannahan
Cassandra Cannahan
CFO Advisor
Prathik Gadde
CTO Advisor
Cassandra Cannahan
CFO Advisor

Press

Former fine dining chef plans to combine prepared meals w...
SFChronicle.com SFChronicle.com
·
Jul 11, 2019

Jonnatan Leiva planned to open a restaurant in 2014, after returning to the Bay Area from New York, where he had spent mo...

Rising Star Chef: Jonnatan Leiva
SFGATE SFGATE
·
Mar 5, 2008

High school Home Ec class is where Jonnatan Leiva first thought that he might have a future as a cook. A fellow student n...

Chef Jonnatan Leiva of Jack Falstaff - San Francisco, CA ...
Starchefs Starchefs

Chef Jonnatan Leiva of Jack Falstaff - San Francisco, CA

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FullSkoop

FullSkoop successfully raised $59,950 from 147 investors on July 31, 2021
Profile picture of Mary Jane Ramos
Profile picture of Nathan Mandarich
Profile picture of Greta Lawani
Profile picture of AJ Davis
Profile picture of Bria Britt
Mary Jane, Nathan, Greta, AJ, Bria, and 142 others invested. 45 Reviews
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