Harvie (2023)

Harvie (2023)

About this raise

Harvie is raising funds on Honeycomb. It is an online-only home-delivered grocery service in Pittsburgh, Pennsylvania. The service provides its subscribers access to a selection of over 600 products sourced from local farms and producers. Harvie also has its own fleet of delivery trucks to deliver the products to customers’ homes. The business has a loyal customer base and has been voted the number one grocery service by Pittsburgh City Paper in 2021. Simon Huntley founded Harvie in January 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for growth marketing, distribution center equipment, and bulk packaging.

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Investment Overview

Invested this round: $124,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
11/24/2022
Close Date
01/09/2023
Min. Goal
$25,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

5.0 years

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Company Website
Visit Website

Team

Employees
40
Prior Founder Exits?
No
Founder Name
Simon Robert Huntley
Title
CEO

Financials

 Revenue +340% YoY
$6,612,182
 Monthly Burn
$36,639
 Runway
11 months
Gross Margin
51%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,612,182

$1,502,876

COGS

$3,239,157

$858,627

Tax

$0

$0

 

 

Net Income

$-439,667

$75,742

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$403,925

$61,689

Accounts Receivable

$0

$100

Total Assets

$403,925

$125,742

Short-Term Debt

$87,020

$0

Long-Term Debt

$247,395

$50,000

Total Liabilities

$334,415

$50,000

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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
03/14/2023 Honeycomb - $127,075 Debt Funded RegCF
01/09/2023 Honeycomb - $124,000 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Harvie on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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Follow Harvie on Honeycomb 2022

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Warning: according to the close date for this deal, Harvie may no longer be accepting investments.

Harvie Deal Report

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