Driftwood Oven
About this raise
Driftwood Oven, a mobile sourdough pizza and bread company, is raising funds on Honeycomb. The business makes award-winning pizzas and bread and travels around to sell their produce. It uses locally-sourced and high-quality ingredients to make the products, including its organic flours sourced from Frankferd Farms in Saxonburg, PA. Neil Blazin founded Driftwood Oven in 2012. The proceeds of the current crowdfunding round, with a minimum raise of $60,000 and a maximum raise of $150,000, will be used to purchase a new oven, dough sheeter, spiral mixer, point of sale system, and two-door cooler. Driftwood Oven has received local and national acclaim for its pizzas and plans to expand its reach to generate more revenue.
Investment Overview
Invested : $150,000
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 12/10/2020
- Close Date
- 12/24/2020
$60,000
$150,000
$100
Debt
RegCF
Company & Team
Company
- Year Founded
- 2015
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +94% YoY
- $1,422,118
- Monthly Burn
- Profitable
-
Cash on Hand
- $110,461
- Gross Margin
- 67%
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/24/2020 | Honeycomb | - | $150,000 | Debt | Funded | RegCF |