{"id":5165,"date":"2022-08-11T11:15:45","date_gmt":"2022-08-11T18:15:45","guid":{"rendered":"https:\/\/oandapc.com\/?p=5165"},"modified":"2022-08-11T11:15:46","modified_gmt":"2022-08-11T18:15:46","slug":"oa-helps-last-crumb-bake-up-3-15-million-financing-round-for-high-end-cookie-boxes","status":"publish","type":"post","link":"https:\/\/oandapc.com\/oa-helps-last-crumb-bake-up-3-15-million-financing-round-for-high-end-cookie-boxes\/","title":{"rendered":"O&A helps Last Crumb bake up $3.15 million financing round for high-end cookie boxes"},"content":{"rendered":"\n

Los Angeles-based Cookie Enterprises Inc., which in 2021 O&A, P.C., helped convert from an LLC to a corporation ready for venture financing, has closed a $3.15 million preferred equity financing round to grow its Last Crumb luxury cookie box business.  <\/p>\n\n\n\n

O&A worked with Cookie Enterprises\u2019 founder Derek Jaeger and CEO Matthew Jung in the round, negotiating the term sheet, drafting the transaction and ancillary documents, and coordinating conversion of $1.6 million in SAFEs (simple agreements for future equity). <\/p>\n\n\n\n

The lead investor on the round was Electric Feel Ventures, with David Cohen as principal.  <\/p>\n\n\n\n

\u201cIt would be hard to believe Last Crumb\u2019s trajectory from a brand-new Delaware C-Corporation to one with a near $40 million valuation within 12 months if you didn\u2019t know Derek and Matthew \u2013 or if you hadn\u2019t tried their cookies,\u201d said Kevin Pasternak, the attorney who lead the O&A team on the financing round. \u201cDerek is incredibly talented and has a clear vision for the company and its product, Matthew works tirelessly to ensure that the business is thriving, and good luck finding one of their flavors that you don\u2019t love.\u201d<\/p>\n\n\n\n

Last Crumb offers its high-end cookie boxes delivered in weekly drops and marketed on multiple social media channels, including TikTok and Instagram. <\/p>\n\n\n\n

Jaeger came to O&A in mid-2021 with a California LLC, which O&A converted into a Delaware C Corporation to support SAFE financing and to bring Jung onboard as CEO. O&A also helped the company launch a stock incentive plan, secure a 409A valuation report, and represented Cookie Enterprises throughout the financing round. <\/p>\n\n\n\n

\u201cThe team at O&A are absolutely fantastic to work with,\u201d Jung said. \u201cAs a small team with a rapidly scaling business, it’s important that we have the ability to move quickly and execute. O&A has helped us in two financial transactions that came together quickly in the last year, and made it effortless in the process. We look forward to continuing to work with them in the coming years on all things legal for Last Crumb. ” <\/p>\n\n\n\n

About O&A<\/h2>\n\n\n\n

O&A is an elite team of attorneys<\/strong><\/a> committed to helping clients<\/strong><\/a> achieve their objectives \u2014 efficiently and effectively. The firm represents some of the biggest companies in technology and interactive entertainment, as well as some of the world\u2019s most innovative entrepreneurs and emerging growth companies. Founded by Dan Offner<\/strong><\/a>,<\/strong> O&A specializes in venture and corporate law for technology and content. For more information, please visit <\/a>https:\/\/oandapc.com\/about-oa<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Los Angeles-based Cookie Enterprises Inc., which in 2021 O&A, P.C., helped convert from an LLC to a corporation ready for venture financing, has closed a $3.15 million preferred equity financing round to grow its Last Crumb luxury cookie box business.   O&A worked with Cookie Enterprises\u2019 founder Derek Jaeger and CEO Matthew Jung in the round, […]<\/p>\n","protected":false},"author":2,"featured_media":5166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[18,19],"tags":[],"yoast_head":"\nO&A helps Last Crumb bake up $3.15 million financing round for high-end cookie boxes - O&A PC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oandapc.com\/oa-helps-last-crumb-bake-up-3-15-million-financing-round-for-high-end-cookie-boxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"O&A helps Last Crumb bake up $3.15 million financing round for high-end cookie boxes - 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