Since launching the WeFunder campaign, we’ve discovered a burgeoning interest in the unique way our technology organizes and collects food & user data. This has major B2B implications for online grocery distributors who currently only collect data right before the moment of purchase, and have no method to gain deeper insights into their customers. (The online grocery delivery market has seen explosive growth since the onset of COVID-19.)
Focusing On B2B Online Grocery Shopping
We leveraged the network of our CEO and our lead investor, Antony Greenstein – who has 30 years experience in the grocery industry – to secure initial meetings with national grocers. Our original strategy was to raise capital in order to build our grocery and meal planning features, and then approach small grocery chains and build partnerships from the ground up. We've pivoted our approach to focus on securing an exclusive national grocery distributor. This will allow us to custom build the features to meet their specific needs and to target their existing customers.
Huge Opportunity For Our Business
This is a huge opportunity for Manna to build and join a large community. Our small but dedicated team is fully focused on achieving this goal in the coming weeks. As such, we made a decision to withdraw our existing $132,000 from WeFunder. While this does not permanently close our campaign, it does require action from all of you.
Confirm Your WeFunder Investment
Before we can withdraw the funds, we need you to reconfirm your investments. You'll get an email notice from WeFunder on November 5th, asking you to reconfirm your investment. You're not adding or removing money – simply verifying the amount you invested so that we can activate the funds.
We're continually grateful for your support. And we're so excited to put your investments to excellent use and grow this business together. Thank you.
Please reach out with any questions. We'll send another note after the funds are withdrawn and keep you updated on our progress.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 458 startups
Wefunder Advisors LLC
for 126 startups
for 3 startups
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
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