[Closed for Investment] 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.
Investment Overview
Raised: $22,320
Deal Terms
Total Commitments ($USD)
- Platform
- SMBX
- Start Date
- 03/27/2024
- Close Date
- 04/18/2024
$20,000
$50,000
$10
Debt
Seed
RegCF
10.75%
3.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +33% YoY
- $120,943
- Monthly Burn
- $1,149
- Cash on Hand
- $48,051
- Gross Margin
- 80%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No