Compostable LA

Early Stage

Subscription-based food scraps pickup service

Analytics

Raised to Date: Raised: $60,000

Aggregate Commitments $

Platform

Honeycomb

Start Date

11/25/2020

Close Date

11/30/2020

Min. Goal

$30,000

Max. Goal

$60,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Rolling Commitments $

Status
Funded
Reporting Date

12/06/2020

Days Remaining
Funded
% of Min. Goal

200%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$12,000

# of Investors

77

Momentum
Funded
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Location

VENICE, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Compostable LA, a food scrap pickup service in Los Angeles, is raising funds on Honeycomb. The company cares for the environment and offers a subscription-based food scraps pickup service. It collects food waste from members on a weekly or bi-weekly basis and donates the scraps to local farms, gardens, and community composters to be converted into healthy soil. Monique Figueiredo, Janae D. Green, and Jamie Renee Williams founded Compostable LA in April 2020. The proceeds of the current crowdfunding round, with a minimum target of $30,000 and a maximum target of $60,000, will be used to invest in a high-capacity green delivery vehicle, upgrade to a professional delivery management software, and maximize the potential customer pool with marketing and branding. Compostable LA has already diverted around 50,000 lbs of food waste and has offset 46,196 lbs of greenhouse gas emission.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Compostable LA 12/22/2020 Honeycomb - $60,000 Debt Funded RegCF
Compostable LA 11/30/2020 Honeycomb - $60,000 Debt Funded RegCF
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Compostable LA on Honeycomb
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Platform: Honeycomb
Security Type: Debt
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