Elaka Treats

Elaka Treats

Open  for investment

About this raise

Elaka Treats is raising funds on Honeycomb. It is an artisanal frozen dessert brand based in Greensboro, North Carolina. Elaka Treats makes all-natural and sustainable treats and captures regional flavors like they would be made at home. The business is looking to set up a scaleable frozen dessert brand by using a regionally-sourced procurement process, regional distribution networks, and a regional manufacturing facility. Shafna Shamsuddin founded Elaka Treats in July 2019. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used to renovate the production space, purchase mobile dry ice insulated containers for distribution, and fund the lease signing expense.

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Investment Overview

Committed this round: $11,150

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
01/16/2025
Close Date
02/26/2025
Min. Goal
$35,000
Max Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Greensboro, North Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Shafna Shamsuddin
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue -14.2% YoY
$18,405
 Monthly Burn
Profitable
 Cash on Hand
$6,453
Gross Margin
53%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$18,405

$21,442

COGS

$8,658

$13,390

Tax

$0

$0

 

 

Net Income

$1,438

$-28,796

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,453

$4,175

Accounts Receivable

$0

$0

Total Assets

$12,454

$9,070

Short-Term Debt

$23,618

$19,294

Long-Term Debt

$0

$0

Total Liabilities

$23,618

$19,294

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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
02/26/2025 Honeycomb - $11,150 Debt Active RegCF
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Elaka Treats on Honeycomb 2025
Platform: Honeycomb
Security Type: Debt

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