Cake Hoopla
About this raise
Cake Hoopla is raising funds on SMBX. The business makes and sells DIY kits for cake decorating and offers cake decorating parties and workshops. The company makes fancy cake decorating easy and accessible so kids and adults can enjoy the experience and create beautiful and delicious cakes without a lot of mess. Cake Hoopla is also committed to sustainable practices and uses biodegradable and compostable containers, natural fiber insulation, and reusable gel packs. Joslyn Keating founded Cake Hoopla in April 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for building out the first cake studio in Tigard, Oregon.
Investment Overview
Invested : $49,110
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 03/28/2023
- Close Date
- 04/27/2023
$25,000
$50,000
$10
Debt
Monthly
RegCF
10.50%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$10,336
as of FY2022
- Monthly Burn
-
$2,834
as of FY2022
-
Runway
-
17.1 months
as of FY2022
- Gross Margin
-
98%
as of FY2022
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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 |
|---|---|---|---|---|---|---|
| 04/27/2023 | SMBX | - | $49,110 | Debt | Funded | RegCF |