Colive

Colive

Fruit Oil Refining & Blending

Fruit Oil Refining & Blending

Overview

Raised this Round: Raised: $22,320

Total Commitments ($USD)

Platform

SMBX

Start Date

03/26/2024

Close Date

04/18/2024

Min. Goal
$20,000
Max. Goal
$50,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

3.0 years

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

NEWARK, Delaware

Business Type

Growth

Colive is raising funds on SMBX. The business is based in Newark, Delaware, and makes artisan olive oil using fresh olives. Colive sources its olives from local farms that grow them sustainably using regenerative agriculture methods and bring out a bright and complex flavor. The business also donates to education and social businesses and maximizes its impact. Colive has its products in 502 Whole Foods stores nationwide and reported a 35% growth in the first year of operations. Hasan Siber founded Colive in September 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $50,000. The campaign proceeds will be used for inventory to keep up with customer demand and marketing to acquire new customers.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$120,943

$91,270

COGS

$23,870

$66,910

Tax

$0

$0

 

 

Net Income

$-13,784

$11,392

Summary Balance Sheet

FY 2023 FY 2022

Cash

$48,051

$28,796

Accounts Receivable

$46,537

$8,228

Total Assets

$94,775

$61,301

Short-Term Debt

$600

$0

Long-Term Debt

$29,614

$0

Total Liabilities

$30,214

$0

Financials as of: 03/26/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Colive 04/17/2024 SMBX - $22,320 Debt Funded RegCF
Colive 07/18/2023 SMBX - $41,020 Debt Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Colive on SMBX 2024
Platform: SMBX
Security Type: Debt

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