Harlem Baking Company

Harlem Baking Company

Harlem Baking Company is raising funds on Honeycomb. The company is known for its homemade dessert products that are made in to-go glass containers. Harlem Baking Company includes flavors such as Strawberry Cheesecake, Chocolate Mousse, Key Lime Pie, Biscotti Crust Cheesecake, Molten Chocolate Cake, and Carrot Cake. The business was one of the five finalists in the 2023 NY Fancy Food Show Pitch competition and is the finalist in the 2024 NYC Boss Up program. Thomas Liconte and Charles Devigne founded Harlem Baking Company in November 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $55,000. The campaign proceeds will be used for supplies, marketing, advertising, storage, manufacturing costs, and production equipment.

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Investment Overview

Raised this Round: Raised: $41,608

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/19/2024
Close Date
12/22/2024
Min. Goal
$25,000
Max. Goal
$55,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Thomas Liconte
Title
CFO, Chef, and Product Development
Founder Name
Charles Devigne
Title
CEO, Sales, and Product Development

Financials

as of Fiscal Year 2023
 Revenue -35.5% YoY
$127,847
 Monthly Burn
$2,756
 Runway
2.1 months
Gross Margin
37%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$127,847

$198,254

COGS

$80,184

$123,568

Tax

$0

$0

 

 

Net Income

$-33,076

$-81,740

Summary Balance Sheet

FY 2023 FY 2022

Cash

$5,809

$1,510

Accounts Receivable

$0

$0

Total Assets

$9,750

$5,451

Short-Term Debt

$24,663

$26,364

Long-Term Debt

$0

$0

Total Liabilities

$24,663

$26,364

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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
12/22/2024 Honeycomb - $41,608 Debt Active RegCF
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Harlem Baking Company on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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