Better Bean
About this raise
Better Bean is raising funds on SMBX. The food business makes fresh beans with great flavor and are good for the environment. The beans of Better Bean come from sustainable and organic farms and are naturally delicious, without using sugar, fat, or chemical additives. The beans come in nine varieties and are sold nationwide. Keith Kullberg founded Better Bean in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for the new packaging launch, SQF and quality certifications, sales and marketing, packaging inventory, and working capital.
Investment Overview
Invested : $66,990
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 06/02/2022
- Close Date
- 07/05/2022
$25,000
$100,000
$10
Debt
RegCF
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $1,618,406
- Monthly Burn
- Profitable
-
Cash on Hand
- $366,228
- Gross Margin
- 19%
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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 |
|---|---|---|---|---|---|---|
| 07/05/2022 | SMBX | - | $66,990 | Debt | Funded | RegCF |