Creole Me Up

Creole Me Up

Closed: Sep. 2024

About this raise

Creole Me Up is raising funds on Honeycomb. It is a Haitian food processing company based in Portland, Oregon. Creole Me Up specializes in creating Haitian and Haitian-inspired culinary products, including salad dressings, pickled vegetables, cocktail mixes, marinades, and seasonal specialty items. The business offers a unique blend of traditional and innovative recipes and brings the rich flavors of Haitian cuisine to a broader audience. Marie Dinvil founded Creole Me Up in August 2017. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $90,000. The campaign proceeds will be used to hire and pay staff and purchase production equipment.

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Investment Overview

Invested this round: $90,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
08/02/2024
Close Date
09/27/2024
Min. Goal
$45,000
Max Goal
$90,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Location
Eagle Creek, Oregon
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Marie Dinvil
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue -82.6% YoY
$25,185
 Monthly Burn
Profitable
 Cash on Hand
$6,288
Gross Margin
76%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$25,185

$144,300

COGS

$5,952

$46,069

Tax

$0

$0

 

 

Net Income

$2,423

$32,475

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,288

$2,721

Accounts Receivable

$37,936

$27,496

Total Assets

$44,793

$30,786

Short-Term Debt

$-1,400

$-2,000

Long-Term Debt

$16,686

$20,149

Total Liabilities

$15,286

$18,149

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/27/2024 Honeycomb - $90,000 Debt Funded RegCF
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Creole Me Up on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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