Crest Sacramento
About this raise
Crest Sacramento is raising funds on Honeycomb. It is a live entertainment venue in Sacramento, California, that is reimagining the movie-going experience. Crest Sacramento caters to a diverse array of entertainment enthusiasts and provides unique viewing experiences, including movie screenings and live experiences. It is a historical landmark in Sacramento and has preserved the city’s architectural and historical essence. Elliot Prestwich and Robert Alvis founded Crest Sacramento in May 2019. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for refurbishing the projectors and the Surround Sound System and licensing.
Investment Overview
Invested : $97,250
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 03/28/2024
- Close Date
- 04/25/2024
$60,000
$124,000
$100
Debt
Pre-Seed
RegCF
14.50%
3.0 years
Company & Team
Company
- Year Founded
- 2019
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +59% YoY
- $5,987,496
- Monthly Burn
- $46,573
-
Runway
- 1.4 months
- Gross Margin
- 33%
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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 |
|---|---|---|---|---|---|---|
| 04/25/2024 | Honeycomb | - | $97,250 | Debt | Funded | RegCF |