Dinobi Detergent

Dinobi Detergent

Laundry detergent and dish soap brand

Laundry detergent and dish soap brand

Overview

Raised to Date: Raised: $25,350

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    Open SEC Filing

Interest Rate

12.25%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/27/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$430

# of Investors

25

Momentum
Funded
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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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Dinobi Detergent on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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