Better World Refill Shop
About this raise
Better World Refill Shop, a bottle refill shop in Cleveland, Ohio, is raising funds on Honeycomb. The business helps the community reduce plastic waste by bringing in their own vessels to refill with natural products. The business helps eliminate excessive plastic and increase sustainability. Rachel Regula founded Better World Refill Shop in January 2021. The current crowdfunding campaign has a minimum raise of $30,000 and a maximum raise of $80,000, and the funds will target opening a second shop, purchasing products for the second shop, and marketing. Better World Refill Shop has saved over 4,000 containers from the landfill since its launch and has been profitable during the pandemic.
Investment Overview
Invested : $65,950
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 04/27/2021
- Close Date
- 06/15/2021
$30,000
$80,000
$100
Debt
Pre-Seed
RegCF
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $39,608
- Monthly Burn
- $727
-
Runway
- 8 months
- Gross Margin
- 15%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/15/2021 | Honeycomb | - | $65,950 | Debt | Funded | RegCF |
