BakedCravings
About this raise
BakedCravings, with a valuation of $11.7 million, is raising funds on StartEngine. It is a commercial bakery that bakes fresh and nut-free cupcakes. The bakery specializes in cupcakes, brownies, hand-decorated cookies, edible image cookies, donuts, muffins, and custom cakes. BakedCravings has secured a partnership with Bright Horizon, which supplies daycare to corporate clients, including Adobe and L’Oreal. Craig Watson founded BakedCravings in February 2017. The current crowdfunding campaign has a minimum target of $9,997 and a maximum target of $1,069,997.50. The campaign proceeds will be used for introducing new packaging and marketing.
Investment Overview
Invested $22,967 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -55.8% YoY
- $125,000
- Monthly Burn
- $219
-
Runway
- 24+ months
- Gross Margin
- 67%
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
06/29/2022 | StartEngine | $11,700,000 | $22,967 | Equity - Common | Funded | RegCF |