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Somabar

Somabar
2014 FOUNDED
PRIVATE STATUS
1-10 EMPLOYEES
Accelerator/Inc LATEST DEAL TYPE
10 INVESTORS
Description

Developer of an application-controlled robotic bar-tending appliance designed to mix cocktails at home. The company's Wi-Fi connected robotic bartender will take the ingredients from scratch, infuse bitters and dynamically mix them in precise quantities using positive displacement pumps before pouring out craft cocktail in less than 5 seconds, enabling users and alcohol enthusiasts to make 300 different cocktails and mix drinks in seconds, all from an application

Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Household Appliances
Other Industries
Beverages
Application Software
Primary Office
  • 1109 Westwood Boulevard
  • Los Angeles, CA 90024
  • United States
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Somabar Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Accelerator/Incubator 02-Aug-2017 00.000 Completed Generating Revenue
5. Early Stage VC 01-Jan-2017 000 00.000 000.00 Completed Generating Revenue
4. Early Stage VC (Series A) 13-Jan-2017 Cancelled Generating Revenue
3. Angel (individual) 04-Jun-2015 00000 00000 00.00 Completed Generating Revenue
2. Product Crowdfunding 13-Jan-2015 $313K $230K Completed Generating Revenue
1. Seed Round 04-Nov-2014 $230K $230K 00000 Completed Startup
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Somabar Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series A1 0,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series A 0,000,000 00.000000 00 00.0 00.0 00 00.0 0.000
Seed 2,090,903 $0.000100 8% $0.11 $0.11 1x $0.11 13.67%
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Somabar Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
000000000 Venture Capital-Backed Kitchener, Canada 0 00.00 0000000000 0 00.00
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Somabar Investors (10)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Plug and Play Tech Center Accelerator/Incubator Minority 000 0000 000000 0
Duke Angel Network Angel Group Minority 000 0000 000000 0
HBS Angels Alumni Association Angel Group Minority 000 0000 000000 0
rainforest.LA Venture Capital Minority 000 0000 000000 0
Douglas Swets Angel (individual) Minority 000 0000 000000 0
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Somabar Executive Team (3)

Name Title Board
Seat
Contact
Info
Dylan Lowe Co-Founder & Chief Executive Officer
Christopher Hameetman JD Co-Founder, President & Board Member

1 Former Executive

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Somabar Board Members (2)

Name Representing Role Since Contact
Info
Christopher Hameetman JD Self Co-Founder, President & Board Member 000 0000
Shaun Arora Self Board Member 000 0000