Coometas

Coometas

Providing social entities with a comprehensive solution to manage food and basic necessities aid to people in vulnerable situations.

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DateInvestorsAmountRound
-investor

€0.0

round
investor

€0.0

Valuation: €0.0

3.6x EV/Revenue

round

€266k

Debt
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR20222023
Revenues00000000
% growth-830 %
EBITDA00000000
Profit00000000
% profit margin(41 %)(2 %)
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Company filings or news article

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More about Coometas
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Coometas was founded in 2020 by Adrián, Gabriel Ramas, and Kike, who are described as social entrepreneurs. Gabriel Ramas, the CEO, and his co-founders created the company to address inefficiencies in the distribution of food aid and to combat food waste.

Coometas operates as a digital platform that connects social entities, such as NGOs and public administrations, with local food businesses. The company's business model is centered around the digitalization of social aid. Social entities allocate funds for food aid, which are then channeled through the Coometas platform. These funds are converted into digital vouchers that beneficiaries can access via a mobile application. This approach provides a more dignified and flexible way for vulnerable families to obtain essential food items, as they can choose what they need from a network of affiliated local stores.

The company’s primary service is its mobile application, which serves as the core of its operations. For social entities, the platform offers a transparent and efficient way to manage and distribute aid, with features for tracking and reporting. For the beneficiaries, the app provides an easy-to-use interface to access and redeem their digital vouchers. For the participating food businesses, it represents an additional revenue stream and a way to engage in social impact initiatives.

Keywords: food aid, social impact, digital vouchers, food security, mobile application, social entities, vulnerable populations, food waste, fintech, social entrepreneurship

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