Arepa Zone
About this raise
Arepa Zone is raising funds on SMBX. The food business has created a hub for local Venezuelans in Washington, DC. It serves authentic Venezuelan food, including arepas, cachapas, and tequenos. Arepa Zone has a loyal customer base and has won several awards, like Best Latin American Restaurant, Food Truck of the Year, and Breakthrough Dish. Ali Arellano and Gabriela Febres founded Arepa Zone in October 2013. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used for construction and equipment.
Investment Overview
Invested : $115,250
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 06/30/2022
- Close Date
- 10/20/2022
$100,000
$500,000
$10
Debt
Monthly
RegCF
7.50%
7.0 years
Company & Team
Company
- Year Founded
- 2013
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +33% YoY
- $2,577,433
- Monthly Burn
- Profitable
-
Cash on Hand
- $93,200
- Gross Margin
- 57%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/20/2022 | SMBX | - | $115,250 | Debt | Funded | RegCF |