Fundafeast.com Launches Crowdfunding Platform to Cultivate Food + Drink-Related Startups

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From cookbooks and food products to restaurants and wineries, Fundafeast promises to support a wide variety of food + drink-related startups.

fundafeast - the crowdfunding site for foodies!

fundafeast - the crowdfunding site for foodies!

Crowdfunding is the financial version of a potluck dinner: Think of the campaign idea as the potluck dinner, each dish as a financial contribution, and the party favor as the reward!

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Fundafeast.com, a new crowdfunding platform uniquely designed to help fund startups in the food + drink business launched Feb. 1 to help raise money for a wide variety of food + drink-related ventures.

“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 % rate or not allowing them to keep funding raised short of goal. Entrepreneurs are allowed to keep all funds raised.

Fundafeast hopes to develop restaurants, wine bars, cookbooks, food products, food inspired art, innovative kitchen gadgets or other food + drink-related ventures. The company wants to help anyone who wants to promote their food + drink-related passion.

About fundafeast.com
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, will give entrepreneurs a page to describe their business idea in detail, set a fundraising goal and track contributions as they come in. Fundafeast will also allow campaigners to keep any and all funds raised and will only be charging a 4% fee.

For more information, contact:
Cheryl A. Clements, Founder & CEO, fundafeast
Ph: (917) 426-6766
E-mail: press(at)fundafeast(dot)com

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fundafeast
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