Cherry Bombe

Cherry Bombe

Growth Stage

A modern media company

A modern media company

Overview

Raised to Date: Raised: $826,090

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/18/2023

Close Date

02/12/2024

Min. Goal
$50,000
Max. Goal
$1,230,000
Min. Investment

$350

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,400,000

Valuation Cap

$8,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$7,121

# of Investors

316

Momentum
Funded
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Year Founded

2013

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Growth

Cherry Bombe, with a valuation of $8 million, is raising funds on Wefunder. It is a modern media company that celebrates creatives in the food world through content and events. Cherry Bombe has a growing global audience called Bombesquad that celebrates the role of women in the food, beverage, and hospitality industry through podcasts, events, membership, newsletters, social media, and an iconic magazine. The business is growing rapidly and expects to increase its revenue by 300% from 2022 to 2024. Kerry Diamond founded Cherry Bombe in March 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for hiring, opening a multi-use office space, and marketing and membership program expansion.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,301,844

$1,064,806

COGS

$639,174

$224,026

Tax

$17,930

$0

 

 

Net Income

$-56,470

$-209,911

Summary Balance Sheet

FY 2022 FY 2021

Cash

$31,772

$13,815

Accounts Receivable

$108,484

$51,727

Total Assets

$162,754

$92,423

Short-Term Debt

$393,921

$311,096

Long-Term Debt

$158,908

$162,839

Total Liabilities

$552,829

$473,935

Financials as of: 10/18/2023
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Cherry Bombe on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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