About this raise
Colive is raising funds on SMBX. The business is based in Newark, Delaware, and makes artisan olive oil using fresh olives. The company sources its olives from local farms that grow them sustainably using regenerative agriculture methods and bring out a bright and complex flavor. Colive also donates to education and social businesses and maximizes its impact. Hasan Siber and Cemre Berk founded Colive in September 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $35,000. The campaign proceeds will be used for inventory to keep up with customer demand.
Investment Overview
Invested : $41,020
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 06/15/2023
- Close Date
- 07/19/2023
$20,000
$35,000
$10
Debt
Quarterly
RegCF
9.00%
2.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +14% YoY
-
$155,802
as of FY2022
- Monthly Burn
-
Profitable
as of FY2022
-
Cash on Hand
-
$28,796
as of FY2022
- Gross Margin
-
57%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No