Bump 'n Grind
About this raise
Bump ’n Grind is raising funds on Honeycomb. It is a coffee shop in Silver Spring, Maryland, centered around coffee, music, and community. Bump ’n Grind curates an atmosphere that fosters genuine connections over quality coffee sourced and roasted ethically and sustainably. The business also has a record label and offers weekly music sessions to amplify the cultural connection of the communities. David Fogel founded Bump ’n Grind in February 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to build Bump ’n Grind’s forever home.
Investment Overview
Invested $65,000 :
Deal Terms
Company & Team
Company
- Year Founded
- 2013
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -11.6% YoY
- $326,818
- Monthly Burn
- $8,504
-
Runway
- 24+ months
- Gross Margin
- 69%
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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 |
---|---|---|---|---|---|---|
06/06/2024 | Honeycomb | - | $65,000 | Debt | Funded | RegCF |