Dinobi Detergent
Laundry detergent and dish soap brand
Overview
Raised: $25,100
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/28/2023
Close Date
09/25/2023
Min. Goal
$20,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
12.25%
Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Location
CHICAGO, Illinois
Dinobi Detergent is raising funds on Honeycomb. It is a laundry detergent and dish soap brand based in Chicago, Illinois. Dinobi Detergent’s products are plant-based, dioxane-free, and cruelty-free and are sold online, at retail stores, and at their laundromat Dirty Laundry x Dinobi. The Dinobi Detergent products are gentle and suitable for babies, pets, and people with sensitive skin. The business also offers a self-serve laundry facility and wash and fold facility for residential and commercial customers. Sylvia Emuwa and Augie Emuwa founded Dinobi Detergent in April 2019. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $75,000. The campaign proceeds will be used for upgrades to the retail space, equipment, outdoor seating, and landscaping.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$33,610 |
$38,163 |
|
COGS |
$13,579 |
$33,742 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-20,011 |
$-37,888 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$618 |
$1,522 |
|
Accounts Receivable |
$3,046 |
$0 |
|
Total Assets |
$66,806 |
$38,954 |
|
Short-Term Debt |
$10,968 |
$29 |
|
Long-Term Debt |
$796 |
$2,546 |
|
Total Liabilities |
$11,764 |
$2,575 |
Financials as of: 07/28/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Dinobi Detergent | 09/25/2023 | Honeycomb | - | $25,100 | Debt | Funded | RegCF |
No prior online funding rounds.
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