Fantastic Fuego
[Closed for Investment] Fantastic Fuego is raising funds on Honeycomb. It is an award-winning gourmet salsa and hot sauce business based in Austin, Texas. Fantastic Fuego sells its products at Central Market, a premier grocery store chain in Texas. The business has won several accolades for its products in local and international competitions and has a loyal customer base. Tony Nunez founded Fantastic Fuego in July 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $120,000. The campaign proceeds will be used for marketing, kitchen equipment and storage, inventory backup, purchasing a commercial vehicle, and refinancing debt.
Investment Overview
Raised: $9,850
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 10/08/2024
- Close Date
- 12/04/2024
$60,000
$124,000
$100
Debt
Pre-Seed
RegCF
11.75%
3.0 years
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +59% YoY
- $118,568
- Monthly Burn
- Profitable
- Cash on Hand
- $5,368
- Gross Margin
- 42%
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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 |
|---|---|---|---|---|---|---|
| 12/04/2024 | Honeycomb | - | $9,850 | Debt | Not Funded | RegCF |