Figg’s Ordinary

Figg’s Ordinary

Closed: Apr. 2023

About this raise

Figg’s Ordinary is raising funds on Honeycomb. It is a bakery based in Chestertown, Maryland, known for its gluten-free crackers. It is a dedicated gluten and refined sugar-free bakery and cafe and uses high-quality ingredients to make its bread, pizza crusts, pie shells, muffins, scones, brownies, and cookies. Figg’s Ordinary also serves artisan coffee, teas, organic smoothies, salads, sandwiches, quiches, and soups. Ingrid Hansen founded Figg’s Ordinary in October 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for employee wages and expenses, insurance, purchasing a floor mixer, small ware and supplies, packaging, website, and working capital.

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Investment Overview

Invested this round: $36,904

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
03/09/2023
Close Date
04/23/2023
Min. Goal
$25,000
Max Goal
$100,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Chestertown, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Ingrid Hansen
Title
CEO

Financials

 Revenue
$110,007
as of FY2022
 Monthly Burn
$4,385
as of FY2022
 Runway
0.7 months
as of FY2022
 Gross Margin
71%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$110,007

$0

COGS

$31,535

$0

Tax

$0

$0

 

 

Net Income

$-52,622

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,080

$0

Accounts Receivable

$0

$0

Total Assets

$76,796

$0

Short-Term Debt

$0

$0

Long-Term Debt

$44,304

$0

Total Liabilities

$44,304

$0

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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
04/23/2023 Honeycomb - $36,904 Debt Funded RegCF
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Figg’s Ordinary on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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