FAQ

Investing Basics

How do I invest?
  • You can easily invest in our offering online using our secure online investment portal.
  • Navigate to https://misorobotics.dealmaker.tech/invitations/invest/view
  • Create an account and follow the steps to complete your investor registration
  • Read the Subscription Agreement, Customer Agreement and ACH Agreement (if paying via ACH)
  • Type your full legal name to sign the Subscription Agreement
  • Click “Complete Your Investment”
  • You’re all set!
What is the price per share?

The price per share is $17.16.

Is there a minimum investment?

Yes, the minimum investment is $995.28, or 58 shares.

Where can I view the offering circular?

You can view our offering circular at the link below

View our Offering Circular
What happens after I invest?
  • You will receive a confirmation of your investment via email, including a signed copy of your Subscription Agreement. Once you have received your confirmation you can log in to the DealMaker portal to view the details of your investment at any time.
  • Right now Miso Robotics does not plan to list its securities on a national exchange or another secondary market. At some point Miso Robotics may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Miso Robotics either lists their securities on an exchange, is acquired, or goes bankrupt.

Offering Details

What is equity crowdfunding?

Before crowdfunding, startups were limited to raising capital through friends & family, accredited investors ($200k+ annual income or $1mm+ net worth), and traditional venture capital rounds. Passed in 2012, the Federal JOBS Act opened up the US for true equity crowdfunding by allowing non-accredited investors to invest in private companies. The SEC has three major types of crowdfunding, all of which allow for general and online solicitation:

Regulation CF: Companies can raise up to $5mm from unaccredited investors*
Regulation D: Companies can raise unlimited money from accredited investors*
Regulation A: Companies can raise up to $75mm from the general public, including institutional investors*

We believe equity crowdfunding represents the democratization of venture investing and we want the general public to have access to invest in Flippy, in our team, and in our technology!

*You can read more about the JOBS Act on the SEC's website here.

Can I sell my investment?

Currently there is no market or liquidity for these securities. Right now Miso Robotics does not plan to list these securities on a national exchange or another secondary market. At some point Miso Robotics may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Miso Robotics either lists their securities on an exchange, is acquired, or goes bankrupt.

Do I have to be a US citizen to invest?

No, you do not. The offering is open to both US citizens and non-US citizens, including overseas investors.

I previously invested in Miso Robotics. Can I add to my investment?

Yes, you can certainly add to your investment. Please note that any investment in this round will need to be made at the round’s minimum investment amount of $995, regardless of any previous investments.

It is also important to note that if you invested in the round previously (either via SeedInvest or Crowdcube), the shares purchased at that time are unaffected by any subsequent share purchases. You will own the aggregate amount of shares purchased across platforms but will need to log into each respective account to view the shares purchased through that platform. We will not be transferring stock certificates to or from SeedInvest or Crowdcube.

Do I need to be an accredited investor?

The offering is open to both accredited and non-accredited investors.

How is the company using the proceeds from the round?

The Company plans to use the funds for the following purposes:

  • Approximately 25% to product development as Miso continues to develop Flippy as well as other products
  • Approximately 50% to payroll. Don’t worry, we’re not using it to give our executives massive bonuses. We are inherently a software business and a business that produces a platform for kitchen automation and AI. Because of that, software engineers and product developers will always be a majority of our operating costs. With proceeds from this fundraise, we will continue to hire more engineers, but we also plan to hire business development, marketing, and sales staff.
  • Approximately 10% to cover G&A expenses
  • Approximately 10% to cover existing financial obligations
  • Approximately 5% to marketing and business development

How long do I have to invest?

The offering will terminate at the earlier of: (1) the date at which the maximum offering amount has been sold, (2) the date which is one year from this offering being qualified by the Commission, or (3) the date at which the offering is earlier terminated by the company in its sole discretion.

What options do I have to pay for my shares?
  • Investors can purchase shares via credit card, debit card, ACH, wire transfer, or physical check. An administrative fee of $65 will be applied to all investments. This fee is waived for investments larger than $3,000
  • Investments greater than $10,000 must be completed via ACH or wire transfer.
  • Investments greater than $20,000 must be completed via wire transfer.
I want to talk to someone, how can I get in touch?

The Company

How did Miso get started?

Miso was born out of a bet between two friends. Buck Jordan suggested to his co-founder John Miller that it should be possible to create a robot to complete the dull, highly repetitive tasks often integral in the fast food industry. John, founder of international burger chain CaliBurger, challenged Buck that if he could create a robot to flip burgers, he would invest and put them in his CaliBurger restaurants. Within two months they had a functional prototype. And the rest, as they say, is history.

Do you have any patents?

Miso has been granted two patents (USD858599S1, US 10919144 B2). The Company has 10 patents pending, with four of them open to the public (WO2018165105A1, WO2018165038A1, US20190176338A1, US20190321989A1).

Are you concerned about labor replacement?

We believe Flippy will work well alongside kitchen workers, and our focus is to supplement existing labor in kitchens versus just replacing labor. However, the kitchen of the future is changing and contactless kitchens will become even more prevalent, and we believe we are well positioned to ride this trend.

I want one for my business, who can I talk to about purchasing Flippy?

If you are interested in purchasing Flippy, please reach out to jwilliams@misorobotics.com

What restaurant chains are you talking to?

In October 2020 White Castle and Miso Robotics announced plans to expand implementations of Miso’s autonomous kitchen assistant, Flippy. Miso and White Castle will target up to 10 new locations as part of a beta rollout of Flippy to White Castle’s North American restaurants. We are also in communication with nearly every major QSR chain.

Can Flippy work in any restaurant?

Flippy has been developed to be able to work in a variety of kitchen layouts.

How has the company been impacted by the pandemic?

While it is still too early for us to know how our long-term projections will change due to the COVID-19 pandemic, we continue to take just as many calls from QSR chains and other food service, despite all of the current economic uncertainty. The definition of the "Kitchen of the Future" is changing given all of the renewed public health and safety concerns, and we believe we are at the forefront of this trend. We recently announced a partnership with Caliburger and PopID to implement new tools to improve health and safety standards in commercial kitchens and we are working on a few new partnerships and customers that will further our position as a leader in kitchen and restaurant tech.

What would you say to customers who are hesitant about eating from a restaurant whose food is cooked by a robot and not a human?

Flippy focuses on doing the kitchen jobs that many workers don't want to do; with Flippy powering our customers' kitchens, it will result in more consistently cooked food and will allow employees to focus on more value added tasks, including customer service.