From Kitchen to Food Truck to Restaurant, Fundafeast.com Crowdfunding Site Helps Dreams Come True for Food and Drink Entrepreneurs

27 Feb

Fundafeast.com promises to support a wide variety of cookbooks, food trucks, restaurants and wineries to help fundraising efforts to launch a new food/drink service business

By Robert Hoskins

Based in New York City, NY, the new crowdfunding platform, Fundafeast.com, now makes it possible to fund anything from cookbooks full of great recipes to new food products all the way up to fine dining restaurant and wineries.  Crowdfunding can now be utilized to raise money for a wide variety of food and drink-related startups, new business ventures and existing restaurants that want to expand or franchise their operations with a little extra venture capital from hobby investors and micro venture capitalists.  But instead of giving up equity stakes in their companies, they simply trade great deals and VIP cards for startup cash.

Fundafeast Crowdfunding Platform for Bars, Coffee Shops, Food Trucks, Franchises, Restaurants, and Wineries

Fundafeast New York, NY Crowdfunding Platform for Bars, Coffee Shops, Food Trucks, Franchises, Restaurants, and Wineries

“Fundafeast is designed for entrepreneurs who want to make a business out of their own food or drink ‘passion’ and need some help getting their venture started,” says Cheryl A. Clements, founder and CEO of fundafeast. “Sometimes all you need to pursue a great food business is a $500 investment, but there isn’t a bank in the world that’s going to help. I myself used GoFundMe to get fundafeast started.”

On fundafeast, entrepreneurs can post profiles of their business ideas and elicit contributions. The page provides details of the food + drink-related business, explains how the funds will be spent and keeps a running total of donations. Fundafeast collects a fee from entrepreneurs that represents only 4% of the money raised versus the 5% charged by most other crowdfunding platforms. Fundafeast doesn’t charge a penalty for clients who fall short of their goal, as some other sites do, such as a higher percentage rate or not allowing them to keep funding raised short of goal. Entrepreneurs are allowed to keep all funds raised.

Fundafeast hopes to help develop restaurants, wine bars, cookbooks, food products, food inspired art, innovative kitchen gadgets or other food and drink-related ventures and promote their passion for running food and drink-related establishments.

Fundafeast.com is a new rewards-based crowdfunding platform uniquely designed to help raise funds for entrepreneurs with a wide variety of food- or drink-related business ideas. Fundafeast.com, which went live on Feb. 1, 2014, and give entrepreneurs a crowdfunding profile page to describe their business idea in detail, set a fundraising goal and track contributions as they come in.

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