Aurora Market
About this raise: Aurora Market is raising funds on SMBX. It is a small business that provides access to healthy food options, daily essentials, organic baked goods, specialty coffee, and delicatessen. The market also serves as the venue to commune and build relationships. Aurora Market has partnered with Fresh Baguette and Lyon Bakery for freshly baked goods, UNIDO, Harare Coffee, and Roastery for coffee, and Boar’s Head for premium meat and cheese. Pablo Ortiz Jr. founded Aurora Market in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for staffing, equipment, and working capital.
Investment Overview
Invested : $51,160
Deal Terms
Total Commitments ($USD)
- Platform
- SMBX
- Start Date
- 07/19/2022
- Close Date
- 10/24/2022
$50,000
$250,000
$10
Debt
Pre-Seed
RegCF
7.50%
5.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $253,797
- Monthly Burn
- $1,381
-
Runway
- 2.5 months
- Gross Margin
- 31%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/24/2022 | SMBX | - | $51,160 | Debt | Funded | RegCF |