Ecodunia
About this raise
Ecodunia is raising funds on Honeycomb. It is a Black woman-owned ethical bag company based in Chicago, Illinois. Ecodunia has its workshop in Nairobi, Kenya, and uplifts the communities there through sustainable work practices and fair wages. The company is vertically integrated and owns every step from production to sales, promoting an inclusive and sustainable economy. Cera Muchiri founded Ecodunia in November 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for trade shows, sewing machines and equipment, marketing, PR, inventory, Christmas booth fees, and new product development.
Investment Overview
Invested : $70,363
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 09/30/2024
- Close Date
- 10/30/2024
$50,000
$100,000
$100
Debt
Quarterly
RegCF
12.50%
5.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +104% YoY
-
$161,223
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$39,341
as of FY2023
- Gross Margin
-
60%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 10/30/2024 | Honeycomb | - | $70,363 | Debt | Funded | RegCF |