Colive
Fruit Oil Refining & Blending
Overview
Raised: $41,020
Total Commitments ($USD)
Platform
SMBX
Start Date
06/15/2023
Close Date
07/19/2023
Min. Goal
$20,000
Max. Goal
$35,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
9.00%
Term Length
2.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,206
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$155,802 |
$136,174 |
|
COGS |
$66,910 |
$84,055 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$11,392 |
$-45,348 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$28,796 |
$55,725 |
|
Accounts Receivable |
$8,228 |
$-74 |
|
Total Assets |
$61,301 |
$83,151 |
|
Short-Term Debt |
$0 |
$21,976 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$21,976 |
Financials as of: 06/15/2023
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