About this raise
8 Myles, a manufacturer of wholesale foods, is raising funds on Honeycomb. The company wholesales to over 100 retailers, including Kings, Whole Foods, and Balduccis. 8 Myles makes crave-able, convenient, and clean comfort food, and has an incredible line of Mac N’ Cheeses. Myles Powell founded 8 Myles in 2015. The current crowdfunding campaign has a minimum raise of $30,000 and a maximum raise of $65,000, and the proceeds will be used for expansion of sales and marketing efforts and increasing the retail reach. 8 Myles produces and distributes through Union Kitchen and its business model is based on grocery store sales.
Investment Overview
Invested : $37,500
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 08/06/2020
- Close Date
- 09/21/2020
$30,000
$65,000
$100
Debt
RegCF
Company & Team
Company
- Year Founded
- 2015
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +3% YoY
- $40,384
- Monthly Burn
- $2,883
-
Runway
- 1 months
- Gross Margin
- 18%
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