🚀 Piestro: Robotic Pizzeria
Make dough 🍕 and dough 💰 | Drop #57
🚨 Investment Opportunity🚨
As a Daily Dropout reader, you are invited to invest in this week's startup, Piestro.
BONUS: We’ll match your donation up to $100, and will wire you directly! Simply send us a screenshot of your investment.
You’ve probably got at least 20 ways to order pizza tonight. But for dinner & an entertaining show, you’ve got one clear option. This week’s drop, Piestro, is putting together a robot pizza franchise.
⚾ The Elevator Pitch:
Running a Pizza Parlor is ridiculously expensive. Just to get started, you’ll spend close to $750k and 9 months between equipment, permits, real estate, labor, and more.
Piestro doubles the profit margin of traditional pizzerias with their portable pizza maker, reducing the need for any manual labor. In just two weeks, you can have a portable pizzeria up and running - whether white-labeled to a larger pizza brand, or as a standalone machine. Piestro is just the size of two vending machines — making placement next to high traffic areas even more feasible.
👇 The Drop Down
Site: https://www.piestro.com/
Founded: 2017
Trend: Robotics, Restaurant Tech
Traction: $3.2M raised in crowdfunding, $580M in commercial agreements & partnerships to take their pizza global. Currently raising a Reg A+ funding round
Team - Seasoned team of Food & Robotics Experts
Massimo Noja de Marco - CEO
Kevin Morris - COO
🔍 Why we like it
🦾 Lean, Mean, Pizza-Making Machine
The margins on Piestro Pizza claim to put even high-volume pizzerias like Dominos to shame. According to Piestro, real estate and labor make up 40% of a traditional pizza business, but only 20% of a Piestro business. The cut costs help give Piestro an operational edge.🤝 Great Partnerships
Piestro seems to have the right partnerships to go global. 800 Degrees Pizza & Fast Fired by Carbone are reputed international brands that represent over $580M of potential commercial partnerships. Piestro plans to deploy nearly 4000 units in the next few years with their partners.👅 But how does it taste?
We’ve talked about margins, expansion - but the main question remains: How do they taste? We’re curious to see how their pizza stacks up to other popular brands via blind taste tests.
🚀 You’ve read about them, but are you ready to invest?
Piestro aims to use funds from the Reg A+ fundraise to rapidly expand their business. Piestro has already secured over $580 mil in commercial agreements. Their current fundraise - ending on 9/30 - will allow them to hire and continue investing in the business to further fuel their growth into even more countries and verticals.
🤝 Get involved
Invest in Piestro today
Watch their interview with Shark Tank’s Kevin O’Leary
Check out their website
🚀Liked Piestro? Check out some of our previous Drops!
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This Drop was brought to you by Growth Ridge Agency.
