Harvie
Farm
Overview
Raised: $127,075
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/30/2023
Close Date
03/14/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/26/2023
Days Remaining
Funded
% of Min. Goal
508%
% of Max. Goal
102%
Likelihood of Max
Funded
Avg. Daily Raise
$2,955
# of Investors
67
Momentum
Funded
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Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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 reported a 300% revenue growth from 2020 to 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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$6,612,182 |
$1,502,876 |
|
COGS |
$32,391,574 |
$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 |
$489,413 |
$125,742 |
|
Short-Term Debt |
$87,020 |
$0 |
|
Long-Term Debt |
$247,395 |
$50,000 |
|
Total Liabilities |
$334,415 |
$50,000 |
Financials as of: 01/30/2023
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