Overview
Raised: $1,500
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/15/2023
Close Date
10/30/2023
Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$4,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
30
% of Min. Goal
5%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$100
# of Investors
2
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
et Oliva, valued at $4 million, is raising funds on Honeycomb. It is a specialty food company featuring flavors of the Mediterranean. et Oliva brings artisan flavors to the table with its product line that includes Fig & Olive Jam, Red Pepper Spread, Olive Tapenade, and two varieties of Turkish Lavosh Crackers. The aim of et Oliva is to let the taste of its products tell a unique story of the Mediterranean experience through its attention to detail and high-quality products. Patrick Karsu founded et Oliva in March 2021. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for inventory and debt refinancing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$26,993 |
$10,313 |
|
COGS |
$40,162 |
$9,015 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-146,565 |
$-11,394 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$13,031 |
|
Accounts Receivable |
$8,578 |
$3,168 |
|
Total Assets |
$24,282 |
$18,712 |
|
Short-Term Debt |
$14,156 |
$0 |
|
Long-Term Debt |
$140,000 |
$0 |
|
Total Liabilities |
$154,156 |
$0 |
Financials as of: 09/15/2023
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